Post
Topic
Board Bitcoin Discussion
Re: How Gold Became Money and How Bitcoin Can Become Money
by
POM
on 09/12/2019, 15:46:16 UTC
Very interesting read. Thanks for sharing.

As you said, we are still very early on with Bitcoin... it is hard to predict what it will really become. But so far, Bitcoin has been standing against the test of time: 10 years is not long, but at the same time, 10 years today would be equivalent to many and many decades of before, as technology advances exponentially.

If we look past the idea of making quick money, Bitcoin offers a different solution to our financial system: an alternative to this inflationary process that eats away people's buying power (and lower-income individuals will feel that the most). In this case, I believe that the intangibility of Bitcoin works in its favor, as it won't become, as gold did, a physical object that demonstrates wealth.