Bitcoin is Gold 2.0
Let’s all work together
It may be but that is actually not that positive thing to hear.
We all expect BTC to be the global currency that will become the global reserve currency.
But this wont be the case. Because if BTC is gold 2.0, then it will be used like gold, which means that only a small percent of the population will use it.
Do you see any vendors, merchants or supermarkets accepting gold? I dont see any.
So the same way, bitcoin wont be accepted either. I have only 1-2 services in my town that has BTC. It's pretty bad.
BItcoin might have value, but if people wont use it on widescale, then I think satoshi will be disappointed.
It was supposed to be a global payment network, not a global wealth storage commodity!If there is only 1-2 merchants accepting it, it's because it's still not ready for user adoption...
Everyone will be using BTC to storage wealth, so it wont be only a small percentage of the population.
There other coins more suitable for the day to day payments, as buying a coffee or bread.
A lot can still go wrong with this experiment, so I would not pump a lot of my life savings into Bitcoin to protect my wealth.
As with
other commodities, Bitcoin can also be manipulated.... it is much better than Fiat currencies, but it is still very volatile. Your wealth are
in the hands of a few developers and the consensus behind their decisions. {miners and individuals running nodes}
Agree, we're in the hands of a few devs and miners. That's the riskier part.
You are absolutely right. Bitcoin is Gold 2.0 so tell me why people fail to realize that and are trying everything to destroy this invention?
If we would focus on one goal, unite every cryptocurrency enthusiasts under one roof, bitcoin would be number 1 world's currency by now.
Bitcoin wont be the world's number currency until it's ready to be used by the whole population. Lacks development and it will take time.
But we all need to work together in this direction. No internal fights
Why do most of the people in this forum, even the Legendary ones think Bitcoin is synonymous to gold? Whenever Bitcoin is mentioned the first thing that comes in their minds are "wealth" and "earnings". Let those people out of here and bring back what it is all about. A censorship resistant, decentralized currency. Do you know what that means OP?
You forget to mention that is the first digital scarce good created by humanity.
That makes it very similar to gold in terms of scarcity. Therefore as a store of value.
I agree, But it is still early for the human kind to accept it, needs a lot more advertising from everywhere, right now it is in a very closed environment, bitcoin needs worldwide tv commercials like coca cola, easy explanations, easy apps for smartphones..
You're absolutely right
Bitcoin sho is lightweight, I give it that. But it don't have no advantage ova tha gold thieves. Hail, you got the damn exchanges runnin' away wit people's dough! This ain't no binary dilemma we got here. Gol' can exist side by side wit bitcoin, jist like we coext wit the squirrels up inna treetops. Its a big ol' world an' they's lotsa room in it fo' evverthang.
it will coexist with gold, atleast for some generations
This seems like a reasonable way to look at Bitcoin and gold.
Gold has a long history as the world's premier Store of Value. Gold is pretty easy to understand. Bitcoin has
not been around very long, and as we have seen, there are a variety of issues & problems not being resolved quickly. It is too early to say whether Bitcoin will become universally recognized. An altcoin conceivably could come along and displace it.
Bitcoin and gold share some properties. But, they are two different "vectors" if you will. BTC is a nice innovation, and might very well change history.
But the story is not written yet.
Thanks. And yes, we have to write the story and make history
Bitcoin is the de facto cyber gold. It has many features similar to gold, especially the limit supply. Bitcoin is not really a day-to-day currency due to its limited amount. I invest bitcoin similar way as I invest gold.
Well done. And yes, there are more suitable coins for the day-day payments.
Bitcoin is far better than gold, gold was always risky like you have mentioned thief, government, and it was always risk prone. And at most times it would become stagnant to. I don't personally like taking the gold as a investment cause it isn't. I would prefer to keep Bitcoin as it is and not term it gold 2.0 rather have the government again questions us as to why are we keeping Bitcoin. Bitcoin so far has escaped the eyes of government but I wonder how long, till they make some stupid rules for it. I would however support your call for unity for Bitcoin.
I guess you're right, the goverment will try to regulate it as soon as they realize what is really BTC.
That's another reason to call for unity
Humanity has been waiting for a place to save his earnings and be able transfer it between generations without loosing it’s value. We already had gold, but it’s been difficult to hide it from thiefs, both the goverment as other kind of thiefs.
Now we have the opportunity to change it. Now we have the opportunity to conserve wealth without giving any explanation to anyone.
The only way to do this is by all agreeing that BTC is Gold 2.0
We dont need a new technology to pay the coffee.
We’ve gone throught times when the goverment decided to confiscate every single grame of gold of the citizens. We're going throught times where printing new money is devaluating our savings. This wont happen again if we all work together making Bitcoin better.
If we do not agree on which coin is the Gold 2.0, a new “war” for being it will start and this will not let the humanity move to the Golden 2.0 Era.
Bitcoin is Gold 2.0
Let’s all work together
We do need a technology that would serve the people. The Satoshi White paper, called this a
Peer-to-Peer Electronic Cash System, not a technology to store wealth or another commodity to replace gold. So Satoshi's goal for this was to replace the current "Cash" system.
We do not need any "war", the network of users will decide what they want from this system. ^smile^
Bitcoin is the oldest, most secure and therefore the most trusted cryptocurrency, that makes it the place where people is gonna put his savings. Therefore, gold 2.0.
There are other coins more suitable for the d-d payments
i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold
Thanks. And I do agree with you and I hope it happens
i am agree with the OP that bitcoin is gold 2.0 and we should work together to make it happen. the blockchain technology offering many benefits and value to do this and i think blockchain technology is solution for future but we need to spread bitcoin into many places so other people will know and they will using bitcoin.
Agree. We need to spread it but with a united message.
BTC is Gold 2.0
i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold
Bitcoin is truly golden
it is kind of virtual gold, great value and all popular
in the future, it will be the world's gold
Agree with you!!