Post
Topic
Board Economics
Re: Why people says gold is better?
by
Semar Mesem
on 18/04/2018, 04:34:50 UTC
Actually today I watched a video on facebook which is about spending bitcoin and gold in USA,it says it is difficult to spend bitcoin but some places are accepting bitcoins accepting as payment like supermarket,restaurants and some institutions.But no one accepting gold as payment then why still people says gold is better?

It was really hard to spend bitcoins because you need to find some exchanger that will convert your bitcoins into fiat in order to purchase online items like in amazon but luckily, amazon today is accepting cryptocurrency method and it was a very good sign that bitcoins is slowly being accepted by the community.
As time goes by development of crypto currency will progress as this time business establishment will accept bitcoins but for gold I don't if there are business establishment who will accept gold. That’s the difference between gold and bitcoin.
Of course we rarely see that business funding comes from gold directly, but we can see the fact that many companies buy gold for assets and this is certainly safer than anything including bitcoin.