Post
Topic
Board Economics
Re: Bitcoin, Gold or Money?
by
yndye
on 18/11/2018, 02:33:28 UTC
It doesn't offer easier divisibility unlike bitcoin and fiat currency, so again, gold would still be a worse form of money than bitcoin.

Yes. that's one of the disadvantages of gold over bitcoin because it cannot be easily divided unlike bitcoin wherein you just need to input the value and then voila, you already send the exact payment for that good or service. However, the advantage of gold over bitcoin is that it has been existing since time immemorial and everyone knew it that's why it can be exchanged anywhere whereas when one is using bitcoin then he needs to find someone who would accept it because only a few people or merchants do accept it nowadays.