Post
Topic
Board Bitcoin Discussion
Re: Don't you think we should use BTC as a medium instead of capital gain ?
by
imrul5
on 09/07/2018, 08:14:30 UTC
But gold has a real existence where cryptocurrency is just a digital currency.  In this case I don't think BTC will be able retain store value like gold in future.
You are probably wrong Cheesy Because bitcoin really exist and that is the one thing miners are here to make sure of it to happen, Gold exist physically and so does bitcoin. Hash power and the consumed electricity are the backbones of bitcoin as they are what makes bitcoin to have value. If you can't fake or double the amount of gold you have, There is also no possibility to fake or double any amount of bitcoin, That is all we need.
Bitcoin as payment by converting Fiat to Bitcoin and using Bitcoin as payment every time you shop
You could also mine bitcoin and run full nodes to support the network. Converting fiat to bitcoin is not the only way to support it.
Hash power is also an intangible.  So, it doesn't has physical existence at all. But I really expect to have a sustainable growth of cryptocurrency.