Bitcoin vs Gold. It really is this simple. - Cryptocurrency Reporters - A Light To Cryptocurrency World

Sunday, 8 April 2018

Bitcoin vs Gold. It really is this simple.


Bitcoin vs Gold. It really is this simple.Gold:Monetry value = scarce, fungible, decent medium of exchange, potential unit of account.Utility value = good at making physical jewlery (malleable)Bitcoin:Monetary value = scarce, fungible, excellent medium of exchange, potential unit of account.Utility value = ability to record data in a global immutable encodable ledger (single source of truth)For the people who understand golds potential but discount bitcoins. Realise that in an increasingly globalised and digital world, immutable uncorruptable record keeping is much more valuable than the ability to make jewlery. via /r/Bitcoin https://ift.tt/2qe1j2a

Gold:

Monetry value = scarce, fungible, decent medium of exchange, potential unit of account.

Utility value = good at making physical jewlery (malleable)

Bitcoin:

Monetary value = scarce, fungible, excellent medium of exchange, potential unit of account.

Utility value = ability to record data in a global immutable encodable ledger (single source of truth)

For the people who understand golds potential but discount bitcoins. Realise that in an increasingly globalised and digital world, immutable uncorruptable record keeping is much more valuable than the ability to make jewlery.

Gold:Monetry value = scarce, fungible, decent medium of exchange, potential unit of account.Utility value = good at making physical jewlery (malleable)Bitcoin:Monetary value = scarce, fungible, excellent medium of exchange, potential unit of account.Utility value = ability to record data in a global immutable encodable ledger (single source of truth)For the people who understand golds potential but discount bitcoins. Realise that in an increasingly globalised and digital world, immutable uncorruptable record keeping is much more valuable than the ability to make jewlery.

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