Bitcoin as a Gold Standard

[Snail2]

What do you think about bitcoin as a Gold Standard?

Unlikely. Gold became to a standard because of it's been widely know and everybody recognized it as a low-volatility store of value.
About 75% of the world population doesn't even know what the heck is bitcoin and a large part of that 25% doesn't take it seriously. At the current rate even baked beans have more chance to be a standard in the near future than bitcoin.

[boopy265420]

Bitcoin is already standard to set value for any cryptocurrency right now.I will go one step further by saying we are moving towards a cashless society in which we will be using digital currencies for those future's currencies too Bitcoin will be as standard.Bitcoin will play similar role what Gold played in fiat money to give them value till now.

[jangloos]

Bitcoin is becoming standard and making its way towards digital currencies era.I do believe Bitcoin will be core currency because of its limited supply to set up value for other currencies.

[n2004al]

What do you think about bitcoin as a Gold Standard?

In world economy, Gold Standard is no longer to use but in cryptocurrency world I think bitcoin is the new "Gold Standard" for other crpytocurrencies.

If you want to learn more about gold standard;

https://en.wikipedia.org/wiki/Gold_standard

Good point but we can go even further. We can use it as point of reference not only for the cryptos but for every kind of money, be it actual one and or be a  future one. For more we can go even over this. We can imagine a world with national money for every country a digital coin (centralized one by digital). Which can be used even out of internet. In various forms. I can name here for example the credit and debit cards. Maybe without having the need for a physical form of the national crypto money of every country. See (who want) something about that and comment (if like and want) whatever you think here in this thread created about three months ago: https://bitcointalk.org/index.php?topic=1191118.0

[~Bitcoin~]

I think to be accounted as standard or noble everything should be perfect but regarding bitcoin there are lots of issue coming up these days including block size limit and speed of confirmation. There are some alts claiming 1min confirmation time, so bitcoin should first be perfect interms to handle massive transaction with speed than we can say as idle or standard cryptocurrency. However regarding value and popularity bitcoin is in top.

[Imran.shamsi]

It may happen in very far future. But we first need to kill real paper money I guess.

it doesn't happen in far future because bitcoin is virtual and Gold is tangible so bitcoin is not as gold standard.

[n2004al]

It may happen in very far future. But we first need to kill real paper money I guess.

it doesn't happen in far future because bitcoin is virtual and Gold is tangible so bitcoin is not as gold standard.

That doesn't mean nothing. Bitcoin is totally identifiable. That mean that can be used as unity of measurement. Then have to many other qualities which make it a good competitor in this field. Don't exist any kind of possibility to be manipulated during its production. Everything in this action is ruled by the peer to peer and not from the desire of the will of someone. It can be developed and improved about every kind of weakness that can be discovered or created in time. Not only this but can be defined even its story and movements since its born. Other data this about its impossibility to be manipulated. So, this so totally identifiable "item" like is bitcoin, is much more credible as a point of reference for every kind of currency than every other subject. Including gold which very rarely exercise even this role about which is point of reference - so we have as a point of reference for the currencies something which rarely is currency (rarely use this role). It is like use the "meter" to measure the "weight".  Not totally so but near, yes.

[lahm-44]

Gold and Bitcoin have their flaws when it comes to the political realm. Gold has had a long history of government intervention, while Bitcoin is being put at risk by its own users. Neither political atmosphere seems to be more productive than the other; on the contrary, they both appear to be equally stifling. Fixing these problems would likely require solving the public choice problem, or altering man’s inherent desire to argue on the Internet. Neither gold nor Bitcoin win in the GAME of politics, which is the case for most things.