Post
Topic
Board Economics
Merits 1 from 1 user
Re: Gold exist 1000+ years. while bitcoins exist 10 years.
by
talkbitcoin
on 27/01/2019, 11:19:31 UTC
⭐ Merited by gentlemand (1)
you can not compare value of bitcoin with value of something like gold when they don't follow the same unit of measurement. it is like saying you are taller than 1 kilogram!
when you say value of bitcoin you are talking about value of 1.00000000 BTC and when you say value of gold you are saying value of 1 OZ of gold not 1 kilogram or 1 ingot, 1 grain, 1 troy ounce,... so first clarify why you are comparing the biggest unit of bitcoin (1 whole BTC) with smallest unit of gold and why aren't you using the smallest unit of bitcoin (1 satoshi) to do the comparison.