Post
Topic
Board Economics
Re: Gold exist 1000+ years. while bitcoins exist 10 years.
by
markj113
on 27/01/2019, 15:25:15 UTC
Gold is a piece of metal nothing less more. On the contrary, bitcoin is a digital assets backed up by blockchain technology. The bitcoin blockchain is a technology that can be used in financial transactions and in other fields. Thus, the existence of bitcoin is just starting. Once the blockchain technology has been maximized, there is no doubt bitcoin price will rise.

Is all that technology a strength or point of weakness though?


"a piece of metal nothing less more" = no 3rd party risk or dependance on anyone or any support system such as power, internet, blockchain protocol, electronic devices.  I could bury a gold bar, mark it on a treasure map and in 300 years the great, great, great grand kids could dig it up it is still valuable and hasnt changed since the day it was buried.