Bitcoin Forum

Economist Paul Krugman says that the exploitation of Bitcoin uses a lot of electrical energy, but the largest codified currency is worth more than gold


At ChainXChange, a recent blockchain conference in Las Vegas, Krugman joined co-founder of Fundstrat Tom Lee and chief marketing strategist for Ripple Cory Johnson in a discussion about the future of money. bad

From the beginning, economist Paul Krugman acknowledged that he did not have a holistic view of the pre-coding industry, but rather focused on how to operate. of Bitcoin.

Krugman says:



Bitcoin and gold

Krugman later said that despite his interest in exploiting Bitcoin, he used a lot of electrical energy, but the largest codified currency was worth more than gold .


When compared to Bitcoin 's use of prepaid currencies, Krugman says the biggest problem is the transaction cost used to transfer BTCs from electronic wallets. He believes that if these costs were cut, it would probably wipe out his previous preconceptions about coding.

Krugman recently wrote a New York Times article titled Transaction Costs and Tethers: Why I'm a Crypto Skeptic: Why I'm a Nostalgic money coding). In that article, he argued that Bitcoin and all other coded currencies still need a lot of effort to prove their worth to the community in their daily lives.


The potential impact of smart contracts on life is very high. Along with other aspects of the blockchain that this type of technology is considered to be the new revolution, Krugman says he has absolutely no idea whatsoever about stereotypes of currency substitution.

Gold did not die, gold has a rich history as well as a financial instrument and asset. Why was gold so? Because people believed in him, just as faith in bitcoin is being born now.
But let's remember why countries at the end of the last century abandoned the gold standard. Does anyone remember?
The reasons were as follows: the complexity of moving large sums, the complexity of issuing emissions, the possibility of losing a resource.
And here bitcoin solves 1 and 3 problem. Excellence on the face. Now we need to wait patiently, when the whole world recognizes the importance of electronic currencies.

Gold at $1200/ounce. That way Bitcoin $1500 is not bad and more than gold.

True, gold still has a role to play in the finance world and probably always will. I wouldn't be expecting a gold standard to be restored anytime soon nor a widespread adoption in the case of a financial apocalypse, but I guarantee people will still be collecting and trading gold as a store of wealth. It's just not practical enough for daily transactions though.

Bitcoin is well on its way to solving these problems. We just need improvements in the transaction cost and speed (and efficiency in terms of electricity, a big problem until we do away with fossil fuels). Once that happens it will be more useful and appealing to investors.

Yes, its Worthier than Gold

Yes, I think Bitcoin is more useful than gold, for example :
in transactions Bitcoin more simple than gold, Using Bitcoin all people can make a transactions only 1-5 minute.
Bitcoin simple, secure and fast than gold

According to many experts, the value of using BTC is more used than gold. The exchange rate of gold in recent times has been steadily falling, due to the impact of the dollar. But BTC is the opposite. Despite the fluctuations in the market Crypto always takes place, but the value of using the BTC is always maintained as a brand.
BTC can be used in many different transactions

if you are using 1 whole bitcoin against only 1 ounce of gold instead of 1 Ton or 1 ingot of gold then why stop at 1 whole bitcoin?  report the price of 100BTC and say that is higher :D

the reality is 1 ounce of gold (according to you) is worth $1200 and 1 satoshi of bitcoin is worth $0.00006
or better use 1 bit (100 satoshi) which is going to be $0.0066

I think in terms of the number of users/owners of Gold and bitcoin, that of bitcoin should be more. I take my analysis from the levels of people who use both.

For Gold, it is usually the wealthy's pride. Gold is mostly used by the rich who see it as a store of value and class. But, bitcoin is not a class commodity, every strata of human community, society and persons can have access to it.

The popularity of bitcoin is more because it also plays a dual role of store house for affluence and also for payment purposes.

For now? I think not. Gold has been in the society for almost many years right now, and many people already invested in it. But the way we see the future will be different and Bitcoin's value will soar someday.

bitcoin and gold should not even be compared to each other because they are two different things, comparing them is comparing apples and oranges. bitcoin is a decentralized and global currency while gold is just a metal that has a high value and despite being used as a currency once it is not a good one at it and it is  not global because of its physical form.

The value of the gold nd the bitcoin are only the same in terms of usage. The bitcoin are very important in this induatry because this is the main foundtion of all cryptocurrency all over the world. The gold are need to make an expensive things or sometimes it is used to buy things too. It only depends where it is used.

Currently bitcoin is worth more than gold because of the flexibility it has in terms of transactions and profit making in the business side of it..

I think bitcoin surpasses mas in terms of price and transaction turnover which is very large compared to mas and the number of companies that are starting to look at bitcoin as one of the friendly and cheap transactions can be verified by bitcoin prices will ignore all values assets in the world economy in the future

I think it is true Because bitcoin is so much more than just an investment asset, when gold is typically just a store of value and savings for somebody. And just investment for the future.

Another commonly overlooked point. Gold still has industrial value that will never go away. The computer that you type your responses to this forum on is loaded with gold connectors and parts. Jewellery will always play an important role in societies, especially eastern ones, as a sign of wealth. Gold still has utility and symbolic use that will always exist.

Bitcoin is of course more practical in terms of exchange, but only for those who have already accepted it. Those who are unaware of how bitcoin works are not very interested in it because they are slow to trust "invisible" money.

Bitcoin can not be compared with gold. These are completely disparate things. You can not say that bitcoin is faster than gold, it's stupid. Gold is not comparable to anything, gold is gold. It was and always is a great value. This is one of the most stable values. Bitcoin has appeared until recently and what will be its value in 10 to 20 years is unknown.

There's a facts and beliefs that bitcoin is much worthy than gold because it really has a capabilities that can give much more benefits and opportunities to people especially when it comes to financial aspects. However, there is also the facts that bitcoin are much risky than to gold because it has a biggest chances that it's value will be dump in so many times when the gold are still in it's same value and rising up more and more in upcoming few days. So maybe both of it has strongest and weakness capabilities.

If you are a computer literate person you should provably would understand a few thing or two about bitcoin mining and everything that involve in earning it, But for us it is pretty obvious that it is hard for us to mine gold, get what I am saying? I really think the mechanics in getting bitcoin is full automated but sure we can understand the needs in mining it, But for gold diggers this is a different story, And decause there are fewer miners now that in the past I really think it is not our forte to really mine gold and Mr. krugman will surely take mining bitcoin than gold more understandable for him.

of course, bitcoin is way more value than gold, it was 20,000us in late of 2017. now it's down, but still good value

As  my aspect, Gold is the best valuable metal except from diamonds. And, now, in the world,, there are still a huge of gold  which either had been mined or had never mined. Moreover, Gold is visual thing and Bitcoin is not. So, it is safer to use Gold than Bitcoin. Of course, Bitcoin is never worth more use of Gold.

As far as I concerned, Gold is a type of natural resources which owns much values. However,  Gold is finite. When people run out of Gold in the future, they must find the substitue themselves in order to trade and store their assets. And, it's Bitcoin. Nevertheness, I can not say that Bitcoin is worth more use of gold because each of us also has different functions. Therefore, it's up to using purpose, we should choose properly.

Entirely, I think Bitcoin is worth more use of Bitcoin. First of all, the value of Bitcoin is much more expensive than that of Gold. Secondly,  that bitcoin is in transactions will be faster than Gold. Thirdly, there are many ways to store and protect Bitcoin against the thieves. Finally, Gold is finite but Bitcoin is infinite.

There's a little bit of comparison but whether we admit or not we can't be biased because gold is far way better than bitcoin. Gold is still valuable that bitcoin since it can be used in different ways. We all know that bitcoin has limited use only. I'm still rooting for gold over bitcoin because for me they can't be compared.

Economist Paul Krugman, apparently not only does not understand bitcoin, he still does not understand anything in the economy, since he says that gold is dead. How can this be said about the established for millennia established system of values, which is gold. Gold has always been, is and will be an excellent measure of value and a repository of value.

Bitcoin had now multiple use in the internet or in the cryptoworld but ,if it will be compared to gold ,it is not forever, gold is an investments of a lifetime , because anytime you use it ,it will have the value of that era ,if you will keep it ,gold will last forever until such time you will sell it or dispose, this characteristics bitcoin can not have thsn gold.

The fact that bitcoin is far more risky than gold because it has the greatest chance that its value will be discarded so many times when gold is still in the same value and rises more in the coming days. However, there are facts and beliefs that bitcoin is far more valuable than gold because it really has the ability to provide more benefits and opportunities to people especially when it comes to financial aspects. so they have advantages and disadvantages of each.

In my opinion if investment in gold is good for those who already have a lot of money, but will be smarter if their funds are put on bitcoin, because bitcoin can be faster in the shipping process, and the price is really attractive from the lower classes to the rich

Although bitcoin characteristics is like gold but bitcoin has no intrinsic value. Gold is still become the most precious metal in this world. A lot of countries are silently hoarding gold. So I don't agree with your statement.

Yes gold is very important as it work at a stabilization and reference value for many investing markets and furthermore the countries. It is for me very unlikely that it will disappear as a reference money and value.

But in day to day operation but also in accessibility for most of the people BTC is yes worth than gold.

It is easier to buy, universal price for everybody and everywhere, no storage trouble because even if you buy gold paper action it is really store somewhere, no subject to potential stop of mining as the mines could be empty...

Gold is the star of the money as btc is the star of crypto money !

in my opinion the value of gold will not die because before there was bitcoin or cryptocurrencies other gold first mastered the price and value in my opinion the point is that many people already know gold while cryptocurrencies are still in the development stage of recognition of everyone

The only thing that turns me off about Gold investment is the "centralized" ownership if you use trading tools like Gold ETFs to trade in Gold. I prefer to own the physical Gold, but it is very impractical to own physical Gold. You need extra security to safeguard it and Gold is very heavy, so you cannot move it from one country to the next in 5 minutes.

I can quickly shift millions of dollars worth of bitcoins in 5 minutes to any country in the world. Why would I need to invest in physical Gold, if I cannot quickly relocate to another country, without restrictions. <I live in a country, with a highly unstable government>

if we compare bitcoin with gold then it will be easy for us to difference between them is easy and for now the bitcoin is more worthy than gold because the gold usage is now less and bitcoin confidence is more so it's use is high in the crypto world. Those who believes that gold is better they will soon come to the crypto and it's features are more than other currency.

actually gold has a ton of different usages, i don't know why you say "gold usage is now less"! bitcoin is only a currency with some side smaller use cases. that is why bitcoin and gold has nothing in common and should not even be compared in first place.
besides gold having or not having usages has nothing to do with bitcoin being good.

Yes bitcoin worth more than Gold...

I also admit that bitcoin has more value than gold, we can see that bitcoin is so valuable that many people want to mine bitcoin. With the technology currently mining bitcoin is one of the best steps in getting it.

I associate bitcoin with a new, high-tech gold, which is easier to operate than a little. I think this is the future.

Bith Bitcoin and Gold are useful, it is just about the trend. Previously, before coming the Crypto/Bitcoin, gold was becoming a trend of investment, despite other investment such as real estate, land etc. Those are profitable for future investment and has low risks. Now, bitcoin is coming as the new trend, it is not only about investment, it is such as money industry using blockchain technology and it offers a lot of advantages. Now people prefer to invest in Bitcoin because the potential is huge and higher than real investment such as Gold.

Due to huge volatility, currently maybe not, but long term it deffinitely has a better potential. Has plenty of benefits compared to the gold (storing, transactions, etc.)

Its good that bitcoin more use of gold many people are glad if they found out, the gold are need to make an expensive things and sometimes it is used to buy things that you need and wants, bitcoin more worthier when we use gold and our we earn more profit.

Still bitcoin became more stable, like gold - I would be happy in general

I think that virtual currency can not be more valuable and more expensive than what is in the bowels of the earth. It will always be more valuable to be valued

Yes bitcoin being decentralised currency different wallets charge more fee which sometimes make bitcoin as non economical to users.

I think the world is moving towards digital money, because it is all connected with the Internet and automation of all processes

I don't think that there will be imbalance between the worth of gold and bitcoin, but what I do think is that bitcoin is more flexible and can be used in many ways unlike gold.

I think the both of the worth more because bitcoin is worth to be invest on so also gold, but to me i prefer bitcoin to gold because it perform double functions, bitcoin can be store as an asset and can also be used for payment that is why bitcoin worth to invest on.

Actually what Krugman said is true, the biggest problem in bitcoin is the transaction fees.
If the fee of bitcoin can be reduced than currently, many peoples won't afraid to lose their money when using it as a daily currency.

However as a comparison everyones know the value of gold, so as they made a gold as a benchmark of one's wealth. Sure enough, they will find various ways to try and get a gold as a place of investment or jewelry that he uses to show someone that he has a wealth. The popularity of gold has been comprehensive, there is no one that didn't know about gold.

Bitcoin, the new technologi which can juxtaposed with gold, and even the user of bitcoin will as a digital gold. Someone can buy bitcoin with anything money they have, although they have $10. But I don't think everyone who know about bitcoin firstly they will self-acting to buy bitcoin. I just need convey to you, the user gold is more than with the user of gold now.

Gold is very valuable for those who understand in everyday life, many of them collect gold rather than for business.
Wherever gold is, many people look for it.
Bitcoin is also valuable for us crypto holders, and this is the bitcoin field that is able to strike the world with fantastic value.
Bitcoin is also a lot that collects for the future of life, and has fantastic value, even though the market price is unstable but many will dig it in their own ways.

I never understood the comparison between two things. On one hand we have gold which is being used over thousands of years to trade among the valuable stuff and also use it as ornaments, jewellery, studding the crowns and much more you name it. With the advances it is being used in the CPU's for better processing and now in the Quantum computing too. Thats the Gold, getting its value from the real world application and off course the demand of it being the rare metal.

Bitcoin on the other hand, is all new technology and without any physical form, works on different virtual reality with no real use in the real life ! Sounds like completely different lower hand which has gotten its value because of overhyped investment into it!! Now, I dont understand why we should compare them.

I think Gold and Bitcoin are two separate entities and stores of value. Bitcoin has technology that can be applied to many things as it is an open sourced accounting / decentralized ledger. Gold is rock that can be made into jewelry and warn by people, so their innate uses are so different. What they do have in common is that they are limited supply and can also be used as a store of value and as money and can be transferred to different parties as and when needed. They both differ, yet have some properties in common.

Krugman is talking out of his ass, like most of the people who does not regularly use Bitcoin as a payment option. Since the introduction of SegWit and also the Lightning Network, high fees has not been an issue. People like him most probably are still using legacy addresses and high fee setting to transfer bitcoins or to do payment.

Someone should demonstrate to these people how fast and cheap Bitcoin is, with SegWit to SegWit transfers and better yet, the Lightning Network.  ::)

Of course Bitcoin is far more better than gold. Day by day it's demand is increasing. Once its was an unknown thing but it's now many of people know about it's existence.
Crypto currency is a good way of transiting money. Not only that as it's value always flactuat so many use it as an asset.

Bitcoin is same as gold they are truly the longer is takes the Highers is stakes

Apart from the the hype,bitcoin is worth more than gold,there are basic features of money, which bitcoin posses,like it can be accepted worldwide, almost every common man can use it,but gold,its only for the rich,and how many common man can afford or be able to process gold?..the store of value simply means how often its something needed for use,bitcoin is..I can use for my airtime and data,while gold can't do that,directly..

In my opinion, it is true that gold is the most valuable asset for people in a country. But in reality bitcoin is more profitable than gold. Emas is weighted by its weight of gram, while bitcoin is measured by size by the user base, trader, and beginning. currency, bitcoin value only comes in direct from the person willing to accept it as payment.

I agree with you that it is true that your word bitcoin is equivalent to gold so the same can be invested in gold in the old way and bitcoin with current technology or modern methods is very profitable for me

Gold is always good. but I think, Bitcoin is better than gold. because you can use Bitcoin any time. and it's transaction  is fast. you can easily exchange it very short time. but you never exchange gold any time. then Bitcoin is great Platform for every investment.  Bitcoin value is increasing day by day.  so Bitcoin is better than gold.

Gold itself is an investment but i believe that bitcoin is of more worth. Investing in bitcoin can help you earning the double amount of money and number of profits. But this is not so in the case of gold. Gold cannot bring stability in the economy but bitcoin can do. So it can be concluded that bitcoin is better than the gold.

As an Investment Gold has more value or more demand, but if we talk about usability feature, I would say Bitcoin or cryptocurrencies have more worth. But I doubt what you said about bringing stability in the economy, I think nobody can do so, if you are talking about it as an investment, then Bitcoin itself being unstable, I doubt how it can stable an economy.

Bitcoin is different compared to gold sometimes 1 piece of a small ring is cheaper than 1pc of bitcoin bit the fact is some people buy gold that they can use in their lives so it is a material thing and they can sell it in times of need it is also an investment like bitcoin but bitcoin is more profitable i guess.

Bitcoin is just something new and hyped really a lot, gold had always a lot of value and you can touch it or use, if the internet shut downs you wouldnt be able to trade your bitcoins, but Gold will always live and it doesnt matter what happens in the world :)

From the very ancient there is very common habit of human of saving money for their budding generations and therefore we human tends to inves somewhere and the most popular and the most common type of investment to which we all are familiar with is investment into gold but if we compare gold investment with today’s crypto one then no doubt bitcoin is the most beneficial than all the investment type available in the market as no investment has the potential to provide such a good profit in very short span of time.

For some people who invested on the early years of bitcoins they say that Bitcoin is like gold for now. But for the people who invested lately like those who invested on December 2017. Maybe they think that Bitcoin is a nightmare for them and they would regret their decision by now.

I might prefer gold. but to be utilized, of course I will choose bitcoin for now. well, even though gold is a definite investment, and its value continues to grow, but I can't really use it. but, with bitcoin, I can use it. but, I might choose both.

you are really gold and cryptocurrency something that is valuable but cannot be equated to have advantages and disadvantages between gold and crypto currency for me cryptocurrency is more practical and efficient use

Bitcoin is on the way to gold advance. Now people are divided into two types: those who invest in bitcoin and those who continue to invest in gold. In my opinion, those who invest in bitcoin win

I think, Bitcoin's popularity is now increasing. In the future, Bitcoin will occupy the golden place. Bitcoin demand is increasing now. I love Bitcoin and I like it.So think, Bitcoin use more then gold.But there are many differences between Bitcoin and Gold. Bitcoin can not be touched and gold can be touched.

The subject at hand is really debatable. I could agree and be bashed for it or i could disagree and be bashed for it too.

Because comparing bitcoin with gold is a comparison that will yield different answers depending on the person being asked. I think at this moment in time, a universal truth could not be established that easily. Gold has proven its worth since the beginning of man's history. It has always been a part of historical power, glamour and riches. Whereas bitcoin has just begun. But the belief that made gold valuable is somehow inherent with bitcoin as well. Thus, there is no undermining the possibility of bitcoin weigh more value than gold in the future. Yet, we are not at that stage to date.

Gold something that we can hold on personal not like bitcoin we cannot hold it and a risk are much more higher then gold. Gold are more stabilize from bitcoin and the gold already has being accepted all countrys in the world not like bitcoin. All of that bitcoin are the most pricy thing in the world that has beat gold price now.

Bitcoin has a character like gold, has a supply that is equally limited. but Bitcoin must be more attractive than gold, because Gold is widely used by rich people who see it as a store of value and class. However, bitcoin is not just a place to store assets, bitcoin also has more value because it also plays a dual role for payment purposes.

I believe so. By looking at its price right now you can see and interpret everything. And, bitcoin is the new gold and I believe that this would be a great revolutionary movement of humanity. With the new way of payment.

Gold now acts only as a highly liquid asset and only. In the case of crypto currencies, everything is different. Firstly, this is also an asset, and secondly, a technology that will work in the future and will be useful. And in the future we will see how gold will no longer be such a valuable asset. In the future, gold will be digitized, otherwise it will not be competitive, because it is tangible and it difficult to store and transport.

Bitcoin and gold.Yes it is bitcoin is worth more use of gold. but These two has different in a way  because bitcoin circulates only with technology while gold is just a store for assets that can keep only by riches people to their wealthy lifestyle although the value of bitcoin is similar to gold but worth more useful than gold in many cases.

Yes, it seems to me worth it. Since gold is an exhaustible resource that will not soon become in the world, Bitcoin should be developed comprehensively and implemented in various fields.

i think at some aspect, like security and the effectivity bitcoin could be better thn gold. But, i don't think that bitcoin in conclusion could be better than the gold. We can not deny that untill now when it comes to stability gold is the best investment we can get.

In my opinion, it is not entirely true, where gold is one of the commodities that no one can sign it yet, a place for investment that is very safe in my opinion in gold is not in bitcoin, why is that? with a real item-factor, this is not so difficult to store. and price stability that is very safe compared to bitcoin for now.

Yes I do agree with your statement. As the cryptocurrency specifically bitcoin, it is more worth it than a gold. Also it adds the fact that it can be a long term investment.

I also believe that bitcoin is more worthy than keeping a gold who will not make a big increase in value particularly in the following years.Although old people prefer to hold a lot of gold,millenials today and even those people who have internet access chose to invest in bitcoin rather than making gold as an investment.

I think bitcoin better than gold. Bitcoin safe and convenient. So i love bitcoin.

Gold and bitcoin are the totally different. Gold has a tradition and it will be also. As we live in modern age, we use bitcoin than gold and the transaction sytem of bitcoin is far easier than gold.

This answer depends on who you ask. Gold has it own use while bitcoin also has its own. Gold is fiat and you can hold it while bitcoin is digital. But you can both trust the two currencies and people place more value on gold than bitcoin especially for the old generation. Both gold and bitcoin worth more in their own capacities.

Bitcoin has great prospects to become more significant than gold, because it surpasses gold in the following points:
- Bitcoin mining is cheaper
- storage cost is lower
- transfer cost is lower

I don't really think Bitcoin is worth more than Gold. Both bitcoin and Gold are two different things, one is a digital currency and the other is mineral commodity. While in terms of bitcoin investment and trading, it is highly possible to make some reasonable amount of profit, but i don't see this as being more valuable than Gold. Please let's just see bitcoin as a digital currency and stop all this speculations.

I also think that the main disadvantage of Bitcoin is precisely the price of transactions - they are incredibly large. if we can solve this situation, in the future we will be able to raise the cryptocurrency market to a new level

Thanks for sharing an interesting article. As for me, BTC is worth more than gold even. I can see out future in btc coin while gold has become useless already in the era of digital technologies

Gold has been used since the days of Ancient Egypt, so its value has been uniform throughout the world, because there is a gold exchange in London which is a reference from other countries to equalize prices. While bitcoin, which is only 10 years old, is still looking for price adjustments that are the benchmark for bitcoin throughout the world, because bitcoin, which without government intervention will determine its own price based on the realization in the bitcoin market.

Bitcoin is very useful, because we can make more money here, by simple holding bitcoin and by bying some bitcoin in low price and sell it in higher price, in that way we can earn big amount of money.

I agree with you that gold and bitcoin are almost the same and the results are almost the same and I think we just have to develop bit by bit so that bitcoin is more than gold

bitcoin is most worthiable than gold.  bitcoin transaction is too easy.  and bitcoin holding system is uniqe. if you hold it will increase but gold doesnt.

Even gold. All of them need to take a large enough volume so that people believe it is valuable. To keep this value, it needs a certain property. Gold is just a rock. It is valuable because it has the characteristics Bitcoin has. Many supporters of free trade, so they do not trust both the government and the paper money, have made such people more interested in Bitcoin.

What makes bitcoin more valuable than gold is that bitcoin is a digital asset that will continue to increase in price as the times evolve with global digitalization, in contrast to gold which has an erratic physical and number of mining results while we know the total amount so that bitcoin will become a rare item in the future.

The most obvious difference is that there is physical gold and bitcoin is not physical. But the value is more valuable now, because the price movement is faster than gold. So investors prefer biotcoin investment rather than gold, especially investors and speculators.

In my opinion gold still has a role to play in the finance world and probably always will. I wouldn't be expecting a gold standard to be restored anytime soon nor a widespread adoption in the case of a financial apocalypse, but I guarantee people will still be collecting and trading gold as a store of wealth. It's just not practical enough for daily transactions though. Bitcoin is well on its way to solving these problems. We just need improvements in the transaction cost and speed (and efficiency in terms of electricity, a big problem until we do away with fossil fuels). Once that happens it will be more useful and appealing to investors.

Even now bitcoin's value is better than gold but it is not stable, we can not know when the price of bitcoin will go down.

There is no doubt bitcoin is more precious than gold. Bitcoin is a digital currency and it is highly volatile and even it is decentralized where gold is metal which is stored for future needs. We should not even compare between bitcoin and gold both are different in nature. So I think bitcoin is really worth more use of gold :).

I answer yes because bitcoin is a new product of modern times and gold is an old tradition so the more advanced technology nowadays the product is losing its product or the tradition of the past and bitcoin is what I mean

because bitcoin can now be made as a payment that is legitimate or more valuable than gold because to invest high and surely it is not a little pocket money that will be spent.

Comparing gold with bitcoin is not true, because gold is owned as a beauty accessory while bitcoin is owned as an investment. Both of them do have investment value, if gold is slower but less risky. Bitcoin is faster but the risk is high. So bitcoin is more promising than gold, only a higher level of emotional control.

to be a clear means of payment, the bitcoin currency is better than gold, you really want to know that the bitcoin currency is currency. , gold is more appropriate to be an asset not as a means of exchanging goods. So this is bitcoin and gold, the usage is clearly different. if bitcoin is a digital currency, gold is usually a valuable asset, or for guarantor of currency.

Yes, I think so. BTC can be a value store, it is easy to transfer internationally with so cheap cost, secure and can be a payment method for big amount of money.

However, the use of bitcoin as an investment is much more promising and profitable. Moreover, it is much more than an investment, as the main idea - the world currency. That's why I choose him.

Two things are valuable and very worth it, i think we dont need to compare the two because of the fact that these two are used in different ways, bitcoin is used in the virtual world while gold have been used in real world to be used to aesthetics, economics and etc.

Bitcoin diffinitely generates more profits than gold.

It seems to me that these disputes will never disappear. I do not see any point in comparing gold and bitcoin, but simply study them and understand what is right for you. Society is becoming more and more digital, and it is quite possible that gold will soon lose its former value.

In many countries, there are ample power supplies and most of these countries always overloaded. The use of power for mining in this country limits the excess. Bitcoin is more valuable than gold, and I believe this is true. Bitcoin does not need to store, and it is easy to use and kept on the handset.

I think bitcoin is much more useful and functional in today's digital world. Therefore, it gained such popularity and became more expensive than gold. in addition, investments in bitcoin bring much more income and much faster.

yeah bitcoin is better than gold. Bitcoin is safe and convenient then gold,
So bitcoin more worth then gold.

There not everyone knows bitcoin, but if you ask what gold is, everyone will know gold. You can save all your gold in a place that you really care for or you can hide so that everyone doesn't know you have gold, but if you have bitcoin in various ways there will be someone who robbed you of your bitcoin without you knowing. Gold is more valuable than bitcoin.

Bitcoin and gold has a different value. Though both of them can be use in order to have assets and money but the way having them are different. Neither the two of them is goo when it comes to money

After some years you will see that most of them knows about bitcoin same like gold or above it, Bitcoin is more safe it can be hide in very small and compact way. Who told you that If you hide gold then know one can know it. If no one can know it then when you die it then it will be waste. Same Bitcoin can also be stored and secure way that no one can rob it. What ever you are telling is because you dont know the real knowledge of Bitcoin.

I think gold is more suitable for jewelry and investment while bitcoin is created to facilitate transactions quickly, at an easy and safe cost. just need to wait to see the price of bitcoin getting higher in the future.

Well all I can is that Bitcoin is gaining much potential and popularity nowadays, and yes gold is having the same thing but Gold is already known many years ago but itwas not that accessible like Bitcoin, and this cryptocurrency were vere unsual and at the same time appropriate in this generation where we live with accordance to technology.

of course, because the value of gold is already high, what else is crypto money has to do with gold, and of course this will have a very high value, and it's better to use this as an investment. Because it definitely has a very high value when sell.

I think gold is worth more use of bitcoin because gold continually increase and ur was really a good investment because you will not going to lose something not just like bitcoin it is not stable it is really hard for it to increase that's why I go with gold than bitcoin.

Don't compare bitcoin with gold since it has nothing to do at all while comparing,each has different uses and different values.I believe investing on gold is just wasting our money its just like our money is sleeping but with itcoin we can use it as we want but with hig risk than comparing with investing on gold.

I think both have more value, but I prefer bitcoin than gold, because bitcoin is more flexible and can be used as a payment transaction, as an asset and investment tool.

I think otherwise, that bitcoin can dig quickly and earn more than gold. The price is a bit more than gold as you said. And the percentage collected from BTC is much higher than gold, by high-end digital machines, in the future ;D.

Sorry, but Krugman has shown his utter ignorance of bitcoin before. Trying to explain bitcoin to him is like trying to explain Netflix to BlockBuster video in 2008. They just had to see it for themselves.

I don't think bitcoin has a better use than gold, besides that they are totally different materials, gold still has a very wide use because of its high conductivity capacity, so it is used mostly in electronic components, but bitcoin is very different, its use is for electronic transactions of any kind, I don't even know how that is comparable.

Both of them are useless, they are valuable also due to how useless they are, the same with wealthy billionaire, they are so useless but they are very rich, while the very useful peasant go to work for them. I know I am being sarcasm.

I do not mind opposing views as long as they are rational and Krugman raises some good points and in fact are similar to some of the problems we have with crypto like the costs of transactions or the lack of usability but I do not agree with the idea that gold is dead, that may seem true to some now that the economies of the world are so powerful but just introduce some instability and gold will again show signs that is alive.

Of course, both bitcoin and gold have a number of advantages and disadvantages, but I still prefer bitcoin. Its prospects are much more interesting than the outdated metal.

I think we do not need to compare them to one another, because in the fact that gold and bitcoin have different use and value of each other. Gold can be use in part of aesthetics while bitcoin is being used online so that we can not just compare on that manner.

For me, it is not good to compare it because they have different ways in making money. Both are good for investment because it can double your money of investment.

I still belong to those who invest only in bitcoin. I see it as much more promising than gold. Yes, gold is more reliable and time-tested, but with bitcoin you can achieve much greater success much faster.

in my opinion, BTC has the same characteristics as gold, such as limited supply, not printed, cannot be duplicated, and lasts long.

but on the other side, BTC has better value than gold. BTC transactions are pseudonymous, BTC transactions are irreversible, and BTC is safer and simpler.

There are very few places in the world where gold can be accepted as payment. This is due to the fact that gold will need to check, provide protection and insurance. All these are additional costs that are not worth such costs and headaches. The smallest unit of gold is a gram, it is simply impossible to divide it into smaller parts, which makes it unprofitable to use and accept it as a means of payment.

my be people will get angry with what I say here, but we really should stop comparing Bitcoin with gold - bitcoin is not gold and nothing related to gold, but better than gold.

electrical energy needs to get a bitcoin currency is indeed far greater than to obtain gold. however, the value of bitcoin is far more valuable than gold. gold has a fixed price and is not easily changed. while bitcoin can change at any time and the value of bitcoin can reach 10 times the value of gold.

  It has more opportunities, but to compare gold and bitcoin is not the best idea. Bitcoin is the digital cryptocurrency, and gold is the store of value and investment effort.

That contradicts everything that we know about the economy, something is valuable because there is a limited supply of it and the demand for it is high, bitcoin and gold both fit that definition, also those that are very wealthy and did it legally reached that level of wealth because they were giving a useful service or product that people were willing to pay for it so they are not useless.

I have long sold all my gold and invested it in bitcoin. I do not see so many prospects and options for earning in gold as I see in cryptocurrency. So I made my choice in favor of modern digital currency.

I also tend to believe that gold and bitcoin are phenomena that can not be compared in any way, because they are investments of absolutely different formats. Everyone chooses what is more convenient and profitable for him. I choose bitcoin, but I absolutely understand those who choose gold.

Trends in the development of gold and bitcoin suggest that the digital currency today is much more profitable for investment than the precious metal gold. Therefore, I choose a more modern option of investing and buy cryptocurrency.

I am now more attracted to investing in bitcoin and other cryptocurrencies. But the purchase of gold will always be relevant, as it is an investment, time-tested. That's why I still have gold bars and gold jewelry in my safe. This is my airbag for a rainy day.

Bitcoin is worthy because many people will batten because of that even sometime the price of bitcoin will dropped we are still coherent even it is complicated.