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Quote from: suzanne5223 on August 22, 2025, 03:57:43 PM
No, Bitcoin was called digital gold because it changed the narrative of money, asset, and investment through its decentralization, mining, and limited supply (it's consensus at large). This opens the doors to precious opportunities for everyone regardless of race, educational background, and more.
It's too technical and too complex while Bitcoin is called as digital gold simply because of its existence. It's digital existence while gold has physical existence. I believe that their different existence modes are main reasons of the name calling for Bitcoin as Digital Gold.

Other technical things like decentralization, mining (Proof of Work), limited supply are not reasons for this "Digital Gold" name calling on Bitcoin. Those factors have good contributions for making up Bitcoin value, but not is "Digital Gold" famous calling around.

Between gold and Bitcoin, I think this book has many good insightful comparisons.
The bullish case for Bitcoin.
Original archived Re: New to Bitcoin and Cryptocurrency – Need Guidance
Scraped on 22/08/2025, 16:16:04 UTC
Quote from: suzanne5223 on August 22, 2025, 03:57:43 PM
No, Bitcoin was called digital gold because it changed the narrative of money, asset, and investment through its decentralization, mining, and limited supply (it's consensus at large). This opens the doors to precious opportunities for everyone regardless of race, educational background, and more.
It's too technical and too complex while Bitcoin is called as digital gold simply because of its existence. It's digital existence while gold has physical existence. I believe that their different existence modes are main reasons of the name calling for Bitcoin as Digital Gold.

Other technical things like decentralization, mining (Proof of Work), limited supply are not reasons for this "Digital Gold" name calling on Bitcoin. Those factors have good contributions for making up Bitcoin value, but not is "Digital Gold" famous calling around.