Bitcoin is worth more use of gold?

[ZedBinh]

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

http://tinyimg.io/i/WSELiW6.jpg

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

http://tinyimg.io/i/lNLN7QM.jpg

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.

[Tory-Tory]

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.

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.

[First77]

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

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

[Horace_Damico]

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.

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.

[Sathya12]

Yes, its Worthier than Gold

[Wibizza]

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

[xuzukami]

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

[Pursuer]

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

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

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

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

[Gozie51]

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.

[nicster551]

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.

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.

[talkbitcoin]

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.

[TheGodFather]

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.

[princestan]

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..

[Ojengonggu]

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

[Donationcoin]

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.

[Horace_Damico]

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.

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.

[Ozero]

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

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.

[micher143]

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.

[YuginKadoya]

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.

[whythatdo]

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