Post
Topic
Board Economics
Re: Kitco (Gold) News: Bitcoin Is The New Gold: FreedomFest Speaker
by
ghazelhyt
on 18/07/2014, 06:42:45 UTC
i do agree that both gold and bitcoin and help with inflation, which fiat currency cant resisit
but there are foundermental difference, for gold, it doesnt depteciate because it is useful in our daily lives like making weapons and jewellery, so there is steady demand. But for bitcoin, there is no steady need, we cant use bitcoin to make anything, so it's somehow only a currency without giv control. And there is potential thread from other cryptocurrencies.