Re: Bitcoin vs. Gold, Fiat and Altcoins (Updated: Traits of Money)
You are too pushy that bitcoin is better, but reality is not what you think. It is true, in the table that you give, bitcoin is able to excel on all sides, but the question is, why until now bitcoin cannot be adopted massively by all countries in the world, while gold and USD can be widely adopted
from this statement, it can be concluded that you judge something subjectively,
from this statement, it can be concluded that you judge something subjectively,
why? it is so simple. bitcoin has been around about 10 years while Gold and USD has been around for a much longer time (USD from 1862 or 157 years and gold is about7000 years ago). in other words you are comparing a toddler with an ancient and you are expecting this toddler to beat that strong ancient in an arm wrestle!!!
not to mention that you don't see people constantly (as in 24/7) spread FUD about gold and USD even though you can find a lot of corruption in both of them specially in US dollar! for example when was the last time you heard a gigantic bank or a big market player call US government fraudulent? the answer is never. but you hear JPMorgan call bitcoin a fraud and other names almost every week
you can't expect bitcoin mass adoption to happen "fast" when there is this much opposing force against it trying to slow it down.