Quote from: Josefjix on Today at 06:21:07 PM

Quote from: Danica22 on Today at 10:28:19 AM

Gold is not only used for investment and as a store of value, but also has practical applications in most industries such as electronics, medicine, electronics and in life such as jewelry, cuisine...Can Bitcoin take on those roles? How can it be said that it is better than gold when it is only used for speculation and has no other practical application?

Your examples on the practical application of gold and Bitcoin is one sided, yes both has her own distinctive feature that surpasses others but the one having majorly accessible by many is Bitcoin. Gold cannot be used for cross border means of payment as it fails in that aspect, also means of acquiring too is different as I'm from a country Gold is not mined.

Obviously, Bitcoin is more better because of it's tendency to be adopted by many, easily accessible by many while maintaining the properties of monetary policy.

For common retailers - surely, for bigger entities - gold will stay relevant as it was.