Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin replace gold?
by
PilosopongTacio
on 12/04/2018, 16:17:28 UTC
Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.


I think not, If we hit a global catasthrope like wars,plague or a calamity and everything is back to stone age, i think gold will again be the main object of trading. We all know that internet is not invulnerable for an event like, power shortages and for a computer virus that might cripple and affect global economy and its possible that bitcoin might crash in the future. I believe gold will be more valuable if all else fails.