Post
Topic
Board Bitcoin Discussion
Re: Has Bitcoin already won ?
by
Lalafell
on 30/09/2019, 06:31:10 UTC
https://youtu.be/UF528l8fqKk

Bitcoin is pretty much already considered Gold 2.0. Is that enough ? Does it still need to become a currency from here on ? Or is it the new "Gold Standard" that other currencies will be measured by ?
In many ways, gold is the precious metal counterpart to the bitcoin. Gold must be obtained through mining, just like how bitcoin mined. But, while gold is obtained through physical mining, bitcoins must be “mined” virtually through the deciphering of special computer encryptions. Bitcoin’s characteristics have led to those backing the cryptocurrency to believe it could potentially unseat gold over the long haul, bitcoin is actually superior in many regards.