Bitcoin is worth more use of gold?

[Broly46]

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.

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[South Park]

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.

[WebTera]

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 Its prospects are much more interesting than the outdated metal.

[adjudicator]

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.

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.

[ratatat bangbang]

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.

[Sumo]

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.

[kamBlanV]

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.

[tahozor]

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.

[bitfocus]

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.

[ict]

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.

[NoirSuccubus]

  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.

[South Park]

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.

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.

[tiktak89]

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.

[Pyr3x]

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.

[Udrujec]

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.

[rtm125]

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.

[gurang]

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.

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.