Bitcoin Forum

Vitalik Buterin (V-God), the founder of Ethereum, said on Twitter that “Why is Bitcoin better than gold?” — I actually agree with this, Bitcoin is better than gold, both personally and socially. I used to talk about Bitcoin's damage to the environment. But gold is even worse.

Vitalik Buterin really loved bitcoin because of economic reasons. If bitcoins value will go up then Ethereums value will also go up. At this point of time the value of bitcoin dictates the value of all cryptocurrencies listed on the coinmarket.cap. Thus if bitcoin will go up in value it will be like heaven to all crypto enthusiasts since it will mean a green market and profit to both developers and investors.

The gold's risk of losing is greater than the bitcoin, and gold can only be sold at certain times and even then sometimes the price is very far below the purchase price.

I personally think bitcoin is not better than gold, not at least now! If I exclude the other uses of gold like making ornaments, still gold is an excellent investment choice for capital protection. That is the reason why you will see gold price goes up every time, when the stock market crashes. because investors trust in gold and move their funds to that asset just protect their capital investment. Bitcoin has not yet replaced gold in that and I doubt it will ever happen. Bitcoin's price is highly dynamic in nature which makes it an excellent choice for the speculators. But when it comes to capital protection, bitcoin doesn't even stand in the queue.

It's true that bitcoin is better than gold, many people prefer bitcoin, probably because bitcoin and bitcoin growth are getting more and more rapidly, and every month it keeps growing, so it's no doubt for anyone who wants to invest in bitcoin, always get a very lucrative advantage bigger than holding gold ...

Not sure if he really said that one or not but it doesn't look like gold is bigger damage to the environment itself. Never thought of this comparison before but its worth thinking about it. I mean truly we keep saying that bitcoin using the huge electricity in terms of the mining operations which are needed for the existence of the same. Later on we also started to think that bitcoin is responsible for the global warming due to its mining operation and the heat that it produces!! I mean thats the worst case we have thought about the bitcoin. But truly if you just see the documentaries about the Gold mines and rigs then we will understand that is even huge cost involved and polluted operation ever.  :-\

So I am pretty sure we need to re-think about the bitcoin and gold and which one is better for the environment.

I think in some terms bitcoin is clearly better then gold,  for example bitcoins can be stored or traded by general public, while gold ( not jewelry)  is prohibited to trade in many countries..
in other way, gold will not disappear if internet is gone, while bitcoin would.

Yes I agree that bitcoin is better in a lot of ways but can easily be misunderstood by alot of people because it is not tangible and for the people who do not know the technology behind bitcoin they can only see it as random numbers in the computer. Environmental damage is a different story I agree with you with the damage mining bitcoin can cause.

Most people would prefer gold over bitcoin for now because they are more familiar with it and it's said to be more secure. Also, the price of bitcoin is more stable as compared to bitcoin's, which scares most people into considering it as an asset. Especially for those who are traditional and not so open to what is foreign and new to them, they would rather opt for gold over bitcoin despite the said benefits of bitcoin over gold.

Where is his endorsement of Bitcoin over gold? That sentence reads like a whine.

I've no time for gold myself. I think it's stupid and shit. But the rest of the world does and that's what counts. Step out of the echo chamber and take a look around. Future generations may care much less about it, but that's not the case for now.

And asteroid mining as a threat to its value? Get real.

bitcoin is better than gold and I agree with him. bitcoin can be carry without having worry from being stolen because we can save bitcoin in an android phone or just in flash disk. it is so simple for us and we can carry without any people know that we have bitcoin with us. but unfortunately, the price is not stable as a gold and the price cannot predict.

It is very difficult to compare such things at all because gold can be sold at a certain time allocated in this time interval and bitcoin randomly jumps up then down.

Does he elaborate on how gold damages the environment, when before we touched it, it was simply part of the environment?

Let's not forget, gold has many more uses other than just as a precious metal for jewelry, it's used as a conductive surfacing agent, as a catalyst and for purification techniques.

I would say Bitcoin is not better than gold overall, but in terms of usability as a currency, it certainly is.

I am sure that is not how he use English right?  ;D Maybe he just rephrase it after reading it somewhere.

But for the sake of this discussion, I would like to agree that bitcoin is better.
Let us make real questions about gold. What are its usage? The actual ones? It was made to be valuable because of its shine. They say it is hard to mine it now but I bet it was just scattered in plain sight before.
They just kept most of it and Voila! it is valuable.

We could do the same with bitcoin. HODL most of it then look at it now. But we should really look at the usage afterwards. It should not have the same fate as gold did. Not just as investment.

Bitcoin is digital gold revolutionary .
I consider this Bitcoin is gold in a digital form whose existence is limited as gold.
bitcoin is a great barter tool for inter-state without going through a central bank.

As Bitcoin  is better through internet,then gold is better underground .Bitcoin can be digged through gadgets and through internet by your  own skills. And that gold can found it underground for How many miles from the surface of the earth. A lot of hardwork before you can find gold as Bitcoin as well. They can both damage  the environment , as gold damaged the earth and Bitcoin can damage human , by getting  obesity because of too much spending time in the computer and  eye defect  with  too much spending time with your gadgets .

I agree with him, it's just that not enough people see it...yet.
But good things come to those who wait and predict correctly.

If the point of argument is its effect to the environment then I think you can make a case that bitcoin is much more better environmentally than gold. With gold there has been reported of poison in the water especially on the operations neccessary to dig up the gold and in cleaning it. While in bitcoin though it kight have some effect it still does not have the chances of you getting another poisoned or worse killed and you dont strip a mountain or land to get it.

What is he going to say... but actually, Gold is a PHYSICAL material, is not all about money.

If you are an investor in gold it is doubtful you will be able to buy at wholesale unless you buy gold coins. With bitcoins everyone can buy at same price with no dealer mark up.

Gold prices have world regulations while crypto does not have any regulation so I agree when bitcoin is said to be better than gold because bitcoin can be affordable by small traders than gold. In mining, bitcoin only utilizes the natural energy of electricity, while gold destroys nature and the environment so bitcoin is much better than gold.

In this case Vitalik is right: mining bitcoin is better than mining gold, considering the damage to the environment that is caused with gold mining. Take a look at South America, in countries like Brasil and Surinam the whole rain forest is damaged by gold diggers. With the use of mercury, water from the rivers is a danger to the locals, fish cannot be eaten. These gold diggers destruct the rain forest and the whole environment is damaged.

The problem with physical gold is that you limited in the number of ways you can trade. Go to a pawn shop or sell it on ebay. With bitcoin you can reach out to the global pool of investors and trade it for variations of coin. Much more interesting, and works better in this new digital age.

Everybody knows that bitcoin is better then gold. So we do not need to get it approved by someone. Gold hast just the trust from thousands of years. But it has no value and its totally useless. You can use gold just in small amount for some electronical parts. So many people are grouse about how many electricity is waisting because of bitcoin mining. But look at how the people destroy the whole planet for mining gold. They use so many chemicals who is going to the ground and contaminate everything!

Human being can replace anything to worship at. So, Both GOLD and BTC are cool with it lol One is physical and nice, second is easy to use and transfer.

As we know one main bad effect of Bitcoin specially to mining is the radiations that emits by the equipment and tools they use to mine it but unlike gold that they need to soften the earth and dig further more to look for a piece of gold, between this two I do choose Bitcoin for the planet earth.

I don't believe bitcoin is better than Gold. Gold does not have risk associate with like bitcoin does, Bitcoin price might slump into nothing, but Gold was and will be always valuable.

It is very difficult to compare such things at all, because gold can be sold at a certain time allocated in this time interval, and bitkoyn randomly loses the price and raises...

If you compare the global usefulness of gold and Bitcoin, it is very difficult to do so. Take the same gold! As you know, gold as a currency was about 3000 years old. In addition, gold has been actively used in metallurgy and industry. In addition, gold is actively used even in dentistry. Yes, of course, it is very difficult to go with a bar of gold in the nearest eatery and buy a Cup of tea. However, converting gold to dollars or any other Fiat currency is not too difficult.But to live and pay with Bitcoin is an unrealistic task. In addition, bitcoin simply cannot have real application, since It is not a tangible asset. If we talk, for example, about regulation, then here too, you can find simply amazing differences. Gold has a clear rationale and regulation by trading on centralized exchanges.

For my own opinion, i dont think btc is better than gold because btc right now don't have stable price but we know its value can go up more than gold. But still gold is more better than btc right now because its price is stable and also high in value.

I mean I like seeing and wearing gold. It has very nice physical properties. Not only that, all computer components require gold for the most part. So there are real physics properties that make gold valuable even if people didn't want to buy and hold it to try and reduce the risk of fiat currency and economic collapse destroying them.

Bitcoin and Ethereum are, of course, very good. But gold is more stable than the given cryptocurrencies...

Of course Bitcoin is better than gold for Vitalik Buterin, since he has become a millionaire because Ethereum fits in a Bitcoin echosystem, not in a gold echosystem. In fact, you cannot compare these two classes of assets.

I do not think so much about the damage of mining due to bitcoin to the environment, and indeed I think it is also worse gold in the mine by excavating the land, and that is very damaging to nature.

For my opinion, gold is still the best investment because its price rises and does not go down, whereas the BTC is not stable. But we have different opinions, so I respect it.

it is dumb to even begin to compare bitcoin with gold. they literary have nothing in common! gold might have been a currency hundreds of years ago but it no longer is. but bitcoin is a currency!
and just because the process of finding a new block is called "m.i.n.i.n.g" it doesn't mean you can compare the cost of it with gold's mining process!


gold is actually one of the interesting elements in my opinion since it is used in a ridiculously wide variety of fields. people only see the Jewelry part or at best electrical part of it but it has A LOT more use cases. one of the things that interests me the most is the usage of Gold Nano Particles in Cancer Drug Delivery!

Vitalik is the number 1 supporter of bitcoin too and he realy love bitcoin too just like etherium the one he founded. Probably because of some reasons and one of this reason is the price. As we can see etherium always response to bitcoin price, if bitcoin goes up etherium also goes up and if bitcoin dump etherium also dump.

Those who follow Bitcoin will recognize its similarities with gold. You can dig a bitcoin like you can dig gold. If the government's cash can be issued in unlimited quantities, bitcoins are produced only in a certain amount - just like the scarcity of gold on this earth. If the day before people referred to the "yellow fever", then there is "bitcoin fever." It is even possible to imagine Bitcoin with the same shape and color as a gold coin.

I think there are several factors that make gold a safe haven. Gold has the value of a consumer goods material such as jewelry or electronics. Besides, gold is really scarce when the supply is still low and never balanced. Gold can not be produced in the same way a company issues a new stock or a federal bank prints money. The only thing that can make gold is to dig up from the ground and handle it.

There are a couple of advantages that make Bitcoin better than gold, at least for the millennial generation. Unlike gold, for instance, Bitcoin is a convenient medium of payments around the globe.

I think gold will have value and power for the hundred years from now. BTC will grow up but still a lot of to do there

if we talk about environment, yes, bitcoin is better than gold. You can see the mining process of gold or another ore as well,
it is damaging the environment worse than bitcoin. Bitcoin only cost electricity for mining.

 "Now blocks can be up to 4 MB in block weight" - true in theory, but 1.3-2.4 MB in practice depending on extent and type of segwit adoption.

Yes i think there is no doubt that bitcoin is better than gold because people gets more money by flactuating we all know that gold is more famous but i think if you buy or hold bitcoin now i think you will not regret in near futurr because i believe that bitcoin will increase more just earn and hold.

Gold is safe.   Safety has value to a lot of people.   I hold both because they have different purposes for me.  

Not too sure about that. Both damage the environment in different ways though I do agree that gold mining is worse than Bitcoin mining though. Problem with Bitcoin and crypto mining in general is that it tends to damage the environment due to the large scale energy usage around the world. This effect can be profound in the long term which is why new technologies should help reduce the energy consumption of miners around the world to help protect the environment. We are already harming the environment in many ways(pollution, deforestation etc) which is why we need to reduce the impact of Bitcoin mining on the environment.

because bitcoin growth is getting faster, and every month keeps growing, so for anyone who wants to invest in bitcoin, always get a bigger profit than holding gold ...

I think that way too and i think with time people will buy BTC to keep their money save and it will be lilke Gold and opther coins will be used for online payments.

In my opinion, Bitcoin is gradually rising to the throne. Bitcoin is a virtual currency based on the blockchain system. In fact, many people call Bitcoin a "digital gold" due to the relatively separate relationship between Bitcoin and other types of assets, especially stocks.

you dont expect him to be against btc.. lol

The fact that Buterin believes that bitcoin is better than gold is not surprising. But if he said that Ethereum is better than bitcoin in such and such parameters, the financial publications would actively discussed this statement.

Vitalik Buterin will of course tell you that Bitcoin is better..Bitcoin and Ethereum usually move at the same time..Even if it was not so, Vitalik gave a correct opinion..

i think so. bitcoin is future  :o :D

Bitcoins are better than gold. Because bitcoins are high priced and are actually used by people. But gold is also worth especially in ancient times. Because it was the first money ever used. So far, the time has changed the bitcoins that lead

In my opinion, there are some factors that make gold a safe haven. Gold also has the value of a consumer goods material namely jewelry; electronics. Moreover, gold is really scarce when the supply is still low and never balanced. Gold can not be produced in the same way a company issues a new stock or a federal bank prints money. And The only thing that can make gold is to dig up from the ground and handle it. :(

a very good question, and I think everyone will answer positively about it. even Apple founders also said that bitcoin has a better investment value than gold, the reason being that the bitcoin supply is limited.

yes, bitcoin is limited, and because it is limited, bitcoin values are difficult to manipulate while gold can be manipulated.

and interesting is although China, India, India, and some other countries ban bitcoin, but bitcoin can still survive in limited quantities.

I hate Gold as much as I love Bitcoin. Gold being a physical asset is more prone to getting stolen. Most of the illiterate thieves tend to steal gold from the people. Bitcoin has a downside too as we know many hackers try to  steal your BTC too but stealing BTC as a tough task than to steal gold from a person.
Also the profit we make by investing in BTC is far more  better than we make by investing in Gold which is the main reason I hate it. It takes years for gold to be double in price but it just takes months for BTC to double up in price.

I agree. Gold doesn't have volatile market as bitcoin. Gold's value increases every year which makes it more enjoyable to collect than bitcoin.

I can't agree more with Vitalik. He's right. Bitcoin is much better than gold. Bitcoin can be called digital gold. Let's see what place he takes in the world.

I think this comparison is very inappropriate. we know that gold has been used since humans know the transaction. of course this comparison is very irrational, by looking at the track record that occurred in human civilization.
and we know that bitcoin is an invention in this century that is so phenomenal. function and usefulness of bitcoin will certainly be different with gold. although I prefer bitcoin. but this can not be a relevant comparison

But saving bitcoin is not safer than saving golds, bitcoin is looks easy to hacks by someone who knows the tech. and people can track how much bitcoin we are saving. that's the lack of bitcoin

Gold used to be a valuable asset just because historically it was rather hard to find and mine.
Today precious metals are even more valuable as they are used in high tech products such as electronics and their amount on the Earth is limited.
Bitcoin and cryptos in general are also very hard to be earned and accurately invested, so ib this case I would agree with Vitalik.

i think the reason is very rasional to think if bitcoin are more valuable and not just about that, it supply are very transparent so people can know the right supply of bitcoin have not like a gold that very unkonw in it supply

The price of the Ethereum, unfortunately, is too tied to the cost of bitcoin) Therefore, he has to say so))

If you really think that mining damages the environment, then what you will say about the big industries who is producing more carbon dioxide and other harmful chemicals, miners might move to green house renewable energy in the future, bitcoin is way better than gold as it can be used as an asset as well as a currency and i think is the most important aspect of bitcoin.

Yes, it is true that Bitcoin is better than gold. Because many people in the world like Bitcoin Kub and it is becoming popular all over the world. Bitcoin prices are increasing rapidly and people are investing heavily in the present. It is growing year by year. On the other hand, there was no change in gold prices. Acquisition and use of Bitcoin worldwide and the number of investors are increasingly increasing. I hope Bitcoin will be more valuable than gold in the future.

In my opinion, there are several factors that make gold a safe haven. Gold has the value of a consumer goods material such as jewelry or electronics. Besides, gold is really scarce when the supply is still low and never balanced. Gold can not be produced in the same way a company issues a new stock or a federal bank prints money. The only thing that can make gold is to dig up from the ground and handle it.

I am sure that in the future bitcoin, as a tool for investment, will be on par with gold. But this is only in perspective. Since the bitcoin market is still very volatile and unpredictable. In addition, it is necessary that generations and an established mentality should be replaced

I think everyone should understand that bitcoin - is the first digital gold, in ours age when the internet and computers everywhere it had to happen.

That is the best he had ever said in his life.

He understands it. How much the vast of mining gold have really ruined the environment.
Trees, the land and the sea. If you could just see it with your own eyes then you will be shocked at how devastating they have done to the Mother Earth.
They mine here and there and only for their own profit. Locals who live near the mining area dont get something.
Gold miners will give something to the local government anf what if they are also greedy. It is an easy steal.

based on what you quoted above, he has asked why the bitcoin is better than gold, he didn't make any claim, did he? So please either provide full info or remove your false statement.

t is very difficult to compare such things at all because gold can be sold at a certain time allocated in this time interval and bitcoin randomly jumps up then down.

I think he really says. Many people are investing in bitcoin and its growth is growing. Its prices are increasing every year and Bitcoin is being accepted globally. Bitcoin is worth more than the price of gold and future prices will increase further.

We all know that Vitalik Buterin is the founder of Ethereum. I think he called Bitcoin better than gold because gold has nothing to do with this crypto market and on the other hand price of all other crypto currencies including Ethereum depends upon the price of Bitcoin.By the line "Bitcoin's damage to the environment" he meant the drops that are seen in the price of other crypto's due to the price of Bitcoin.So Bitcoin affects him more than the gold so that's why he called Bitcoin better than gold.I personally consider Bitcoin better than gold due to various reasons such as it provides profitable investments ,a way to earn some money and anonymous transactions within and outside the country.

We can save bitcoin in an android phone or just in flash disk. it is so simple for us and we can carry without any people know that we have bitcoin with us.

What Vitalik meant by the word better? Bitcoin is really more practical to use but it does not mean better. Gold has a material form and therefore it is more difficult to take away from the owner. A lot of exchanges hacked, some exchanges have frozen user assets and require proof of income. Do you think these users agree with Vitalik?

We know the price of gold has the world rules level while crypto does not have any rules then I agree when bitcoin is better than gold because bitcoin has no real form but digital data and is easily accessible to all small traders rather than gold. In terms of bitcoin mining can be used as energy in electricity and while gold can destroy nature and the environment because bitcoin is much better than gold. Bitcoin as a tangible form for long-term investment in financial life in the future. 8)

I will not question how gold flow to the market it is really in demand too and precious that everyone is aiming at, but it is protected my a third part that is why the price of it is not increasing well, but I know that in time bitcoin will be more secure, and although it is not secure I will still prefer to take risk in bitcoin.

Bitcoin may be better than gold due to its volatility and high reward to risk ration but gold is a stable asset and long be tried and tested to provide safe haven for inflation of traditional currency. Unlike bitcoins which future seems uncertain.

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Obviously when Bitcoin said that he wasn't literally comparing only the digital aspects of it but also the technicalities behind them.Bitcoin obviously has the potential to replace the current payment system while Gold can only come as close as a barter system replacement.

The future of gold would also seem uncertain if you know the mines aren't going to last forever.You'd be relying on Gold which is artificially manufactured and doesn't really have any value.

BItcoin is better than gold since its value can increase up more than one hundred percent,
aside from that bitcoin is more liquidable to used since it is already a cash and easily accept by other people.