Bitcoin is worth more use of gold?

[Yaspers101]

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

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[Antonina]

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

[r32godzilla]

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 is the only thing that I only understand partially

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 .

Gold is dead ... Bitcoin is worth more than gold. It has more opportunities to increase value in the future

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.

Actually, eight years after the advent of Bitcoin, codenamed codenames have taken a real leap into the commercial market. Some companies will accept them as a form of payment, but in my opinion this is just more of a sign of real usefulness in life. Look at me, this is a great technology excellence. Predictive currencies have a huge market value but they are still considered as a speculative play, not because they are of value for convenience in terms of easy exchange.

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.

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

[goodluck0319]

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

[pinggoki]

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.

[muhammedb]

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.

[fosco333]

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.

[Ridwan Fauzi]

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.

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.

[anafiene]

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.

[aoihs00]

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.

[qiman]

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.

[Kakmakr]

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.

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. 

[OcTA Bd]

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.

[yeezycheezy]

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

[Cryptogid]

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..

[soulripper]

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.

[dimiinx]

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

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

[mithon2017]

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.

[Vritesh]

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.

[dmamigo]

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.