Market Position: Bitcoin is the first cryptocurrency and often referred to as "digital gold,"
You can consider Bitcoin as a Digital gold but I disagree. Because there are tokenized gold token and digital gold can be used for these tokens.
Bitcoin can be considered as Blockchain gold, but I would more prefer to consider it as Bitcoin. Bitcoin is Bitcoin and it does not need to be anything else like "digital gold" or "blockchain gold".
Gold is the most precious metal, it represents wealth, luxury, expensiveness and is the most sought after asset. When it comes to gold, we all think of something that is very valuable and scarce. People often compare and call bitcoin as technical gold because they also hope that one day bitcoin can achieve the same achievements as gold or even surpass gold.
After all, it's just a name and a way of addressing it, you don't have to be too strict about it. What is more important is what role it will play and what it can do for our world, that is what we should be more concerned about.
while Ethereum introduced smart contracts, expanding blockchain potential.
Smart contracts from Ethereum blockchain cause massive troubles with many people in cryptocurrency market from investors to traders. They fell to many scam projects with tokens deployed with smart contracts on Ethereum blockchain.
ERC20 token trackerA total of 1,383,948 Token Contracts found
Showing 1700 Tokens with OK or Neutral Reputation
Beyond those 1700 OK-, neutral- tokens, there are massive scam tokens deployed on ERC20 chain.
Currently, there are over 500,000 ERC-20 tokens in existence, most of which have no market valueIn 2013 there were very few coins created, only ETH and BTC existed and with that came ponzi projects using BTC as a means to attract people to join. So was BTC the cause of so many troubles and scams at that time?
Don't blame anyone or anything when you can't control your greed when it comes to getting rich quick. I bet you that if you can control your greed, no one can scam you.