Post
Topic
Board Bitcoin Discussion
Re: Bitcoin with real gold
by
Kakmakr
on 24/12/2018, 06:58:25 UTC
Why peole always comparing bitcoin and gold? Bitcoin isn't a gold but they have similarities that their price very expensive. That is why all of us wanted to have bitcoin in our hand.

They are comparing it, because the whole concept of scarcity of rare metals like Gold, was the building blocks on which the concept of Bitcoin was built. Bitcoin is a resource that are artificially simulating a process, where less bitcoins are mined over time. and this increase the scarcity of the resource.

The fact that bitcoins are mined are also based on Gold and precious metals that are mined.  Wink There will always be a close link between Gold and Bitcoin.  Cheesy