Post
Topic
Board Bitcoin Discussion
Re: Where did Satoshi Nakamoto ever compared Bitcoin to gold or digital gold?
by
ytrezq
on 08/09/2020, 08:04:53 UTC
In my opinion there is no point in comparing Bitcoin with Gold, because both have their own advantages and disadvantages.
Investments in both of them are the right choice, I don't know if Satoshi Nakamoto has ever compared Bitcoin and Gold.
What is certain is that Satoshi Nakamoto's goal in creating Bitcoin was not to beat Gold, but to provide a payment alternative
besides fiat.

He said however that Bitcoin is better than gold because gold is not practical to be used as a payment system.

I agree with that. This was the reason we initially had fiat pegged to gold.

And like fiat pegged to gold this isn t rejecting gold but rather a different manner to use gold.