Post
Topic
Board Economics
Re: Is it digital gold?
by
aleenoe335
on 21/05/2018, 14:43:15 UTC
Bitcoin has all the same characteristics as gold. The amount of Bitcoin is limited (there is only a certain amount to be produced), Bitcoin can be broken down into smaller units without losing the value of the unit (1 Bitcoin = 100,000,000 Satoshi - the smallest unit of Bitcoin, the same as cents in Dollars or Pennies in Pounds, we can buy less than one Bitcoin), Bitcoin technology is also stable and will not degrade, nor can it be made fake Bitcoin. Besides, unlike gold, we can move Bitcoin anywhere in the world in minutes, regardless of the amount of Bitcoin. That's why people call Bitcoin a digital gold, but better digital gold.