Quote from: GG_Maker on August 18, 2018, 06:57:01 AM

There's a particular point I've been trying to make to crypto market observers. And it is very simple. There's really point in comparing Bitcoin and natural gold. As long as gold is still mined, it will forever remain valuable. Nothing will change that. Bitcoin however is backed by technology. And technology can only keep evolving. But it is we humans that will determine what direction it evolves in. The future has room for both cryptocurrency and gold. There's no need whatsoever to set up a contest between them.

But that is right now, the circumstances change very fast, bitcoin and gold are very different but at the end both of them are trying to achieve the same same function, the greatest advantage of bitcoin over gold is that if the technological development keeps at the current rate new deposits of gold will be available reducing its scarcity, while that is not the case with bitcoin, it does not matter how much you look there is only one source of new bitcoin and you need to become a miner to obtain it.