BTC is Gold 2.0 – What humanity has been waiting for centuries

[Rw13enlib88]

Humanity has been waiting for a place to save his earnings and be able transfer it between generations without loosing it’s value. We already had gold, but it’s been difficult to hide it from thiefs, both the goverment as other kind of thiefs.

Now we have the opportunity to change it. Now we have the opportunity to conserve wealth without giving any explanation to anyone.

The only way to do this is by all agreeing that BTC is Gold 2.0

We dont need a new technology to pay the coffee.

We’ve gone throught times when the goverment decided to confiscate every single grame of gold of the citizens. We're going throught times where printing new money is devaluating our savings. This wont happen again if we all work together making Bitcoin better.

If we do not agree on which coin is the Gold 2.0, a new “war” for being it will start and this will not  let the humanity move to the Golden 2.0 Era.

Bitcoin is Gold 2.0

Let’s all work together

[Sundark]

You are absolutely right. Bitcoin is Gold 2.0 so tell me why people fail to realize that and are trying everything to destroy this invention?
If we would focus on one goal, unite every cryptocurrency enthusiasts under one roof, bitcoin would be number 1 world's currency by now.

[Wind_FURY]

Why do most of the people in this forum, even the Legendary ones think Bitcoin is synonymous to gold? Whenever Bitcoin is mentioned the first thing that comes in their minds are "wealth" and "earnings". Let those people out of here and bring back what it is all about. A censorship resistant, decentralized currency. Do you know what that means OP?

[sartorpc]

I agree, But it is still early for the human kind to accept it, needs a lot more advertising from everywhere, right now it is in a very closed environment, bitcoin needs worldwide tv commercials like coca cola, easy explanations, easy apps for smartphones..

[Huge Black Woman]

Bitcoin sho is lightweight,  I give it that.  But it don't have no advantage ova tha gold thieves.  Hail, you got the damn exchanges runnin' away wit people's dough!  This ain't no binary dilemma we got here.  Gol' can exist side by side wit bitcoin, jist like we coext wit the squirrels up inna treetops.  Its a big ol' world an' they's lotsa room in it fo' evverthang.

[Sundark]

Why do most of the people in this forum, even the Legendary ones think Bitcoin is synonymous to gold? Whenever Bitcoin is mentioned the first thing that comes in their minds are "wealth" and "earnings". Let those people out of here and bring back what it is all about. A censorship resistant, decentralized currency. Do you know what that means OP?

So according to you decentralized, censorship resistant, peerless network and currency system called Bitcoin, can't be compared to gold at all?
It may not be the most accurate representation what bitcoin really is but it is still good and solid parallel, especially for not bitcoin users.

[ASHLIUSZ]

Bitcoin can be considered as gold 2.0, already its been discussed several times. When something is mentioned as a digital asset we can give similar preference to it as a commodity. Several countries have imposed taxes upon bitcoin, so sure it is gold 2.0, with its potential the version 2.0 might get change to 1.0

[Rw13enlib88]

You are absolutely right. Bitcoin is Gold 2.0 so tell me why people fail to realize that and are trying everything to destroy this invention?
If we would focus on one goal, unite every cryptocurrency enthusiasts under one roof, bitcoin would be number 1 world's currency by now.

Bitcoin wont be the world's number currency until it's ready to be used by the whole population. Lacks development and it will take time.
But we all need to work together in this direction. No internal fights

Why do most of the people in this forum, even the Legendary ones think Bitcoin is synonymous to gold? Whenever Bitcoin is mentioned the first thing that comes in their minds are "wealth" and "earnings". Let those people out of here and bring back what it is all about. A censorship resistant, decentralized currency. Do you know what that means OP?

You forget to mention that is the first digital scarce good created by humanity.
That makes it very similar to gold in terms of scarcity. Therefore as a store of value.

I agree, But it is still early for the human kind to accept it, needs a lot more advertising from everywhere, right now it is in a very closed environment, bitcoin needs worldwide tv commercials like coca cola, easy explanations, easy apps for smartphones..

You're absolutely right

Bitcoin sho is lightweight,  I give it that.  But it don't have no advantage ova tha gold thieves.  Hail, you got the damn exchanges runnin' away wit people's dough!  This ain't no binary dilemma we got here.  Gol' can exist side by side wit bitcoin, jist like we coext wit the squirrels up inna treetops.  Its a big ol' world an' they's lotsa room in it fo' evverthang.

it will coexist with gold, atleast for some generations

[Xester]

I cannot disagree with that concept that bitcoin truly is like gold. Saying its like gold 2.0 or a replacement for gold is a nice comparison. Like gold bitcoin will be in demand. During my research bitcoin is already accepted everywhere from restaurant. to hotels , to taxi and even buying cars. Bitcoin will have a bright future ahead of us.

[andrei56]

You are absolutely right. Bitcoin is Gold 2.0 so tell me why people fail to realize that and are trying everything to destroy this invention?
If we would focus on one goal, unite every cryptocurrency enthusiasts under one roof, bitcoin would be number 1 world's currency by now.

Banks understand very well what bitcoin is about and that is why you see big efforts so they can destroy it, using governments of the world and the media to try to scare people away from bitcoin.

[SuperVillain]

When most humans realise Bitcoin it will cost $1mln

[xuan87]

Bitcoin is really an answer for people who wants to do transaction without being known by other people, and the plus side of bitcoin is the price is keep on rising and it become a good investment tool, but unfortunately bitcoin amount is not enough to be used by whole people in this planet but we still have  alt coins, so the crypto currencies future is still very potential to grow

[savioroshan]

Bitcoin cannot be compared with gold. Gold is a precious metal. It can be used for many purpose. Bitcoin is also expensive. It can be considered as a saving if you are ready to take risk. We dont know the future of bitcoin. Because its price is volatile. Who knows if its price will crash tomorrow.Whatever we tell about bitcoin, its right, but after all its a man made software token. Nothing else. If someone hack any top bitcoin exchange or any firm ,thats it. Its price will crash. Imagine If its price crashs and becomes fews cents then there wont be any use with this bitcoin.

[Tanic]

Bitcoin and gold really looks alike. I can say that the portability is the biggest advantage of gold. You can move a large amount of wealth, which consists in relatively small amount of gold. And gold is easy to store, and relatively easy to hide. Bitcoin has the same properties. So it's really possible to call bitcoin as Gold 2.0.

[just_Alice]

Bitcoin cannot be compared with gold. Gold is a precious metal. It can be used for many purpose. Bitcoin is also expensive. It can be considered as a saving if you are ready to take risk. We dont know the future of bitcoin. Because its price is volatile. Who knows if its price will crash tomorrow.Whatever we tell about bitcoin, its right, but after all its a man made software token. Nothing else. If someone hack any top bitcoin exchange or any firm ,thats it. Its price will crash. Imagine If its price crashs and becomes fews cents then there wont be any use with this bitcoin.

The price of gold might crash too. Let's think about it. There are 165,000 metric tons of gold on Earth and there are approximately 7 Billion people. That means every person on planet earth could own about 5 rings of pure gold. I don't need 5 golden rings, actually I don't need even one. What I'm trying to say is that there are a lot of gold on Earth, more than people really need, and that the price of it is highly exaggerated.

[jtipt]

Yes, Bitcoin and gold share few properties such as both are great investment ventures, but it's not right to say bitcoin as Gold 2.0 as unlike gold bitcoin is very very volatile and even if the probability is low bitcoin can become totally worthless tomorrow(Not that I want it to happen). In today's market investing in gold is very safe, there is now way gold will become worthless I think we all can agree to that, now investing in bitcoin involves some risk. So one is safe and other has some risk so how can they be the same?

[topesis]

There is no doubt, this is a wonderful gift to humanity, I just believe BTC is the answer until we know the stance of government on it, because of so many uncertainties surrounding it, the recent PBOC interference proves how weak BTC is, the scaling issue is there also that has partly divided the community into two.

[d5000]

I disagree with the OP. Bitcoin has a key difference with gold: its "intrinsic value" depends totally on the network of users and not on a form of "physical" scarcity like with gold.

Many say that Bitcoin is "scarce" because the number of "coins" is limited to 21 million. But Bitcoin software is replicable. We already see that there are many alt-chains emerging using Bitcoin clones or very similar software applications.

So one could say there is no real scarcity. However, that's also not true. The key fact is that the value of Bitcoin is exclusively related to the network of its users. One indicator is the sheer number of users. But even more important is the composition of the user base. There must be users that accept it for goods and services that really are solving needs of other users. That's Bitcoin's real scarcity: The network of users that already exist is very difficult to build up for a clone.

One can say that Bitcoin is used almost exclusively as a speculation tool and that's not important that goods or services are offered. But that's simply not true because you can do speculation the same way with all the other altcoins around there.

The key fact that makes Bitcoin more expensive/valuable than other similar "coins" is the possibility that it could be used some day as a worldwide general purpose payment system. That's the "to da moon myth", and that's why a Bitcoin today costs $1000 and not $3 like a LTC.

For this myth to work, the network of users and good or service providers must be constantly growing. So "real-word" goods and services - although not used very extensively in the community - play an important role for Bitcoin's value.

[Imaginary Entity]

Bitcoin can be compared to gold.

In times of severe social distress, war/tyrannical government, persecuted minority etc. Either Bitcoin can be used can to temporarily store and transport/store wealth that could otherwise be destroyed if left in situ (ie. In local property and other entities that rely on local laws to maintain their value).

Albeit, not a function that most people ever want to have to use.

[xJuturna]

Great post OP, it would alleviate a lot of future issues if everyone could come to the same agreement as you mentioned in the war portion. It will take time but I can definitely see BTC becoming something pretty similar to what you're describing. As more and more people catch on to what bitcoin actually is and the potential is has you can see actual worth steadily increasing. I don't foresee this stopping at all and I believe it will eventually transition / evolve into what you're describing OP.