Post
Topic
Board Bitcoin Discussion
Re: Dinar, Dirham to BITCOIN
by
Immakillya
on 13/10/2019, 23:15:49 UTC
there are some people consider Bitcoin is digital gold. because of its mining system and limited stock. So do you think the concept of bitcoin refers to Gold? because gold has a stable value throughout the world. if true. then the country that uses the first stable coin is arabic, with its dinar and dirham. and perfected by bitcoin with computer networks and the internet. What's your opinion.?

Yeah, Bitcoin is  digital Gold. Actually, the solving of transactions is called mining. So yeah, i think the concept came from Gold. But not as stable like actual Gold and not backed by real gold. Some stablecoins out there are using real Gold tho. So they are more stable than Bitcoin. Some are backed by their national currency. But they are more likely just for safehaven for unstable cryptocurrency market.