Bitcoin vs Gold vs Fiat

[lyks15]

As you can see each of bitcoin,gold and fiat have a advantage and disadvantage. Imagine if this three element will combine and help each other going to top of success all of will be beneficiaries. But I think it will happen when bitcoin is going to a regularization stage that needs a lot of time to become possible.

[MrFreeRoMan]

As you can see each of bitcoin,gold and fiat have a advantage and disadvantage. Imagine if this three element will combine and help each other going to top of success all of will be beneficiaries. [.....]

That would be great. But are everyone ready to meet each other? I think, unfortunately, NO!

[Halmater]

I think, it is too early to compare crypto currencies with gold. Crypto currency market is not matured enough and the adaptation of crypto currencies to the traditional markets is not completed. After a few years of this realization, it is more sensible to make such comparisons in a few years with people experiencing the advantages and possibilities of cryptocurrency.

[dothebeats]

Just to add something on the table, Gold and Fiat can easily be stolen by means of physical contact and bitcoin, on the other hand is prone to hacks and virtual theft, with physical thefts slowly rising in recent times. In this case, no one is better than the other, as each are prone to hacks and thefts. Well anyone who possess some valuables on their hands, especially a substantial amount have it coming their way anyway if they are unprepared against such attacks.

[Crypto Girl]

Fiat is currency made by governments without limits.... What can go wrong ?!

Are you serious? AFAIK, government can't print as many as they can as it will result to deflation of the value and it really needs to be backed by something neither gold to be specific.

From all of the three, nothing is perfect and still have its flaws thus nothing should be eliminate, our mode of payment is getting better with the help of bitcoin hence gold and fiat is still the norm in the economy. The more our options, the more it will be convenient.

[MrFreeRoMan]

[.....]. Crypto currency market is not matured enough and the adaptation of crypto currencies to the traditional markets is not completed. After a few years of this realization, it is more sensible to make such comparisons in a few years with people experiencing the advantages and possibilities of cryptocurrency.

It is unlikely Bitcoin replaces the gold market over the next decade.
Would the government build highways if only a few people had cars? NO. Bitcoin is an evolution in money and value transmission, but it will likely take time to build broad-based trust.

[Noa_Amable]

I do not see the point of this post. Yes, you outline some cons and pros, but is that what really matters?

For me, what matters is if it has legality and if it is readily accepted by everyone. But for now, those are not yet true in bitcoin.

right, it is not a matter of choice actually. btc investors don't pay attention whether it is legal or not, they just want to try it.
while fiat and gold is another league

[Carrelmae10]

..whatever it is,,fiat money is the most important factor in the economy..Bitcoin and gold plays important role in human's life..but the most durable is the fiat money,,because without your fiat currency you cannot buy Bitcoin and gold..Bitcoin and gold are key factor in your investments which you can use in order to increase your fiat money..

[aylabadia05]

To incorporate a perspective on Bitcoin among all world money, Howmuch has made insightful visualizations. Apart from money, gold has played an important role in the game of money because of its scarcity and selling power. Gold was still the basis of money in the 1960s, in an unbroken line that stretched to the beginning of history.

[michellee]

Fiat is currency made by governments without limits.... What can go wrong ?!

Are you serious? AFAIK, government can't print as many as they can as it will result to deflation of the value and it really needs to be backed by something neither gold to be specific.

From all of the three, nothing is perfect and still have its flaws thus nothing should be eliminate, our mode of payment is getting better with the help of bitcoin hence gold and fiat is still the norm in the economy. The more our options, the more it will be convenient.

I don't think that the government can easily to print the fiat because soon, the sources of materials for the paper will reduce a lot and in that time, the government needs to think about solving that problem and that will not easy. I think in that time, they will change from paper into something like bitcoin and who knows, the government finally decide to use bitcoin for a new payment system for their country.

[ralle14]

I want to add gold and fiat more dangerous ,we have seen the occurrence of thieves taking gold or fiat being brutally merciless to their owners so that they lose their lives ,bitcoin is easier to use without the risk of brutal theft because its not formed as an object to be more secure guaranteed your safety and your money

Bitcoin isn't different from the two, the thief could do the same on the owner until they give the necessary information to access their wallets.

It already happened to one person here's the thread that was started last month, even if Bitcoin is secure it doesn't matter the result stays the same when your life is on the line.

[MrFreeRoMan]

[.....] the government finally decide to use bitcoin for a new payment system for their country.

Bitcoin can still work as a payment network if such scaling solutions like the lightning network will be successful. And for this, first, it needs to establish itself as a means of preserving value in order to reduce its volatility.

[anggi]

in general, I would certainly use fiat, compared to bitcoin and gold. however, now I am aiming to find as many bitcoins as possible I did this to produce gold as a real investment. besides that gold and bitcoin can be a back up of fiat.

[Slow death]

There are 3 mining Pool Operators with >51% that could censor btc transactions.

and governments can also restrict gold in their countries, they may also have problems with Fiat, so do not get bitcoin problems when you know that gold and Fiat also have their problems

So bitcoin fails.

No

Gold is the real winner, it is scarce, it has additional uses outside of currency use.
Fiat is 2nd , because it has Government Backing it as currency.
Bitcoin is 3rd, it has no government support, and it requires millions of dollars of electricity to maintain it on a monthly basis or it ceases to exist.

this is your opinion

Gold , I can hide or store and it stays gold, it requires no additional money per month to stay gold.
bitcoin , without million spent every month ceases any activity and is not usable for anything.
Fiat, even if the government collapses  , you can still burn it for heat or wipe your arse with it. 

I hope nobody will waste time arguing with you because it will be useless.

One Global EMP Pulse and Gold is still Gold and Bitcoin is Dead.

And what are you doing here?

[niisarearning]

Thanks for your information , it is one of the well written comparison thread . But whatever the theoretical fact I am brlieving on gold over bitcoin because money depreciation may happen at any time . Either fiat or crypto currency . But gold will be having its actual value either in this country or any other .

[thirdlight]

I would really like Bitcoin to be hung up on gold. But it seems to me that in the near future this will unfortunately not be. Gold is really something that will always be appreciated. I would also like to say so about cryptocurrency.

[MrFreeRoMan]

[....] Gold is really something that will always be appreciated[....]

Fact: in 1825, aluminum was worth 1500(!) times more expensive than iron, and in 1852 its price rose above the price of gold and amounted to $ 1,200 per kilogram.
Once upon a time a foreigner came to the Roman Emperor Tiberius (42 B.C.-87 A. D.). He presented as a
gift to the Emperor a bowl that he had made from metal shining like silver but extremely light. The craftsman revealed that he knew how to obtain this metal, which was unknown to all, from clay. The sense of gratitude probably rarely burdened Tiberius, and as a ruler he was not very far-seeing. Being afraid that the new metal, having
wonderful properties, would lessen the value of the gold and silver stored in the treasury, the Emperor ordered that
the inventor's head be chopped off and his workshop destroyed so that no one could be taught to produce this
"dangerous" metal. This history, related by the ancient historian, Pliny the Elder, has brought us information on the
first and, unfortunately, not quite pleasant acquaintance of man with aluminum.
https://link.springer.com/article/10.1007%2FBF00741130

Since then, someone has found an easy way to mine aluminum
What do I mean by that? If they find an easy way to mine gold? What then?

[morrisgonzalez]

It's a difficult question that is Bitcoin vs Gold vs Fiat. These things are totally different on their way of uses. Bitcoin is a cryptocurrency on the other side Gold is a natural assets it's produce naturally and last is fiat money or real money. These all things we need for our economics these all are important part of our financial activities. Moreover i think fiat is more important than gold & btc because still we more depends on fiat. If you have fiat then you can buy gold & also btc.

[Ucy]

Nice post.
Fiat does not deserve a massive 24 Points though.  I think 2-7points should do. The only thing I like about fiat it is the physical aspect that makes censorship from government difficult . Digital Fiat without real censorship resistance and transparency would make things worse for fiat

[muratsink]

good explanation, do you know the creator of the book "Dad poor Dad" he is Robert Kiyosaki from the USA? he said that the value of fiat will disappear significantly, and will be replaced by BTC and gold.

slowly, BTC will replace fiat. and gold will be an important asset to save value.

Robert said that fiat will get a big accident, that is the equity bubble and the debt bubble.
I added with the crisis bubble.

Robert is a person who supports BTC and gold.