Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin replace gold?
by
shadyrifles
on 16/04/2018, 13:20:57 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.

The digital era has already begun, many of us are aware the digital revolution can’t be fulfilled without digital based technology which is Blockchain. Bitcoin and other altcoins are based on Blockchain technology which is decentralised and provides a smooth transaction. I am sure Bitcoin will replace Gold one day in future.