Post
Topic
Board Development & Technical Discussion
Re: could you be Satoshi - #2 did it occur to you hashcash was like virtual gold
by
bcearl
on 29/12/2014, 08:02:16 UTC
BTW., I don't want to say that Bitcoin isn't well designed. I like how it is designed. All I am saying is that you should be more careful with real-world comparisons.

It is totally fine to say: “Bitcoin is scarce just like gold, that makes it a secure asset.” But that is basically all you can say, you can not go any further. The way and reasons how and why Bitcoin is scarce is totally different from the way and reasons how and why gold is scarce.

I still like the term “mining” for block generation though.