Post
Topic
Board Economics
Re: Is it a value reserve?
by
loopes
on 15/05/2019, 14:14:21 UTC
Because could bitcoin represents a value reserve or acts as a "digital gold", really could it change the world in a deterministic sense?

The answer to this is obvious: yes. Since bitcoin is a mathematically founded protocol with a predictable rate of inflation and built-in scarcity, it acts as a store of value. Bitcoin is also more portable than gold and is more difficult for outside governments to confiscate or place sanctions on.
Although bitcoin is more portable than gold but gold still better than bitcoin. Both are very worthy. Bitcoin has many advantages that will help many people. It can become currency and asset at the same time, the value of it is tend to rise. Bitcoin theoritically is appropriate as a store of a value, it has limited amount, uncounterfeited, fast in term of transaction and many more  but since there are many hoarders or what we call whales who influence it price in the market then for now it risk become bigger.