Topic: Is Bitcoin digital gold or digital cash? - page 10. (Read 12062 times)
Bitcoin has to be digital gold because gold has a limited amount and it has been good at keeping it's value over time. However, we certainly cannot say the same for FIAT money, can we?
Whatever you believe it to be, gold or cash, one thing is for sure, bitcoin has value , has price which can converted to real cash. So when you have cash, you can buy gold. So back to the question if bitcoin is gold or cash, my answer is it can be both.
I see bitcoin more as cash than as gold. Well, I can use bitcoin as a transaction tool, so I say that bitcoin is money in internet, not gold from internet. It looks good if we see bitcoin as money, because the profit becomes bigger.
Bitcoin is a digital gold, It use to store of value and payment system. Most probably I choose store of value. Gold is not much compared to digital cash. Because it will more high profit. Digital cash is a easily to access in any area.
Proponents of Bitcoin as ‘digital cash’ place more emphasis on the accessibility aspect, arguing that its transaction fees should be low, whereas proponents of Bitcoin as ‘digital gold’ are more focused on its security, arguing that this should not be compromised by efforts to lower costs.
In my opinion Bitcoin is and will be both: digital gold and digital cash.
In my opinion Bitcoin is and will be both: digital gold and digital cash.
Answers to this question are constantly posted on this forum and on Reddit by people who are not software engineers/developers, nor product managers. Either that or they are truly terrible at their jobs. Reddit in particular has really turned into a garbage dump, but that's something for another discussion.
Anyway, in a business context you want to build software that meets your customer's expectations, so understanding how a user makes use of your software solution is really important for smooth communication and shared understanding between management, marketing and engineering. Normally you want to write out really detailed user stories/journeys, maybe even draw diagrams or create mock-ups that demonstrate the exact problem you're trying to solve and how your thing will solve it.
Here's a teaser:
Alice is at a farmer's market and wants to buy broccoli from a vendor. How does she pay?
Here are just a few important details that we need to know first:
- What country is Alice in, and what are the economic conditions?
- How much money does she make every year/how well off is she?
- How technologically sophisticated is she/how old is she?
- What tastes and preferences does Alice have/what prejudices her in certain ways?
We need a lot more information before we start talking about what BIP we can code up in a day. If you think about these questions only from your own perspective and experience, you're discounting the majority of people on this planet that want to use the same technology. Bitcoin's value depends mainly on how many people can safely use it, and if it's not in use by the largest number of people possible, it will not achieve it's full potential/value.
The correct answer to the question in this poll is "it depends". Bitcoin is for humans, and humans have different needs. Most likely every redditor and bitcoin.org poster's favorite potential use case, "in-person payments at high volume merchants", will not be satisfied by Bitcoin directly. Use something else for that one narrow use case if Bitcoin isn't doing it for you, and support the engineers who are working to make Bitcoin more secure and stable, goddamnit
In my own opinion, I think bitcoin can be called as both digital gold and cash. Because bitcoin is a very much advanced gold since it is continues and is going up each year, people can also see that. And it can also be called a digital gold, because of the fact that some of the stores effectively acknowledges bitcoin as another sort of installment type of technique. Anyway, in a business context you want to build software that meets your customer's expectations, so understanding how a user makes use of your software solution is really important for smooth communication and shared understanding between management, marketing and engineering. Normally you want to write out really detailed user stories/journeys, maybe even draw diagrams or create mock-ups that demonstrate the exact problem you're trying to solve and how your thing will solve it.
Here's a teaser:
Alice is at a farmer's market and wants to buy broccoli from a vendor. How does she pay?
Here are just a few important details that we need to know first:
- What country is Alice in, and what are the economic conditions?
- How much money does she make every year/how well off is she?
- How technologically sophisticated is she/how old is she?
- What tastes and preferences does Alice have/what prejudices her in certain ways?
We need a lot more information before we start talking about what BIP we can code up in a day. If you think about these questions only from your own perspective and experience, you're discounting the majority of people on this planet that want to use the same technology. Bitcoin's value depends mainly on how many people can safely use it, and if it's not in use by the largest number of people possible, it will not achieve it's full potential/value.
The correct answer to the question in this poll is "it depends". Bitcoin is for humans, and humans have different needs. Most likely every redditor and bitcoin.org poster's favorite potential use case, "in-person payments at high volume merchants", will not be satisfied by Bitcoin directly. Use something else for that one narrow use case if Bitcoin isn't doing it for you, and support the engineers who are working to make Bitcoin more secure and stable, goddamnit
Hi, You can use Bitcoin how you want.
You can save Bitcoin for your bright future as well as you can buy your daily Pizza or Sandwich buy using Bitcoin.
Its totally depend on you, how you treat Bitcoin. My view is Bitcoin is a commodity money like gold.
Have a great day
You can save Bitcoin for your bright future as well as you can buy your daily Pizza or Sandwich buy using Bitcoin.
Its totally depend on you, how you treat Bitcoin. My view is Bitcoin is a commodity money like gold.
Have a great day
It's neither, but it's more gold that cash. It's not cash, you can't spend it everywhere, carry it round with you etc. It's classified as a commodity, it's mined, limited supply etc. so it's more similar to gold. Gold will always have a value though, as a precious metal. Bitcoin does not have that security.
It depends on how everyone as an individual makes use of Bitcoin. I personally see and use it more as something that can be seen as Gold. I am not really interested in using my coins for spending purposes. I use it as a store of value, where my main motive is to keep a large portion of my wealth outside the banking and governmental system. At the same time, the volatile nature of Bitcoin lends itself perfectly for investment/trading purposes, which is also what I am using Bitcoin for. For me the right term is indeed digital Gold.
Indeed that's true. It depends on the way one makes use of it or one uses it and it varies from person to person. I myself use it as an investment and in that way I can say it's like gold for me. I use it to buy some sort of services too so it's currency too for me. So in my opinion based on my personal experience and usage I can say it's both a currency and digital gold too.For me its a digital cash because its currency is volatile unlike gold it keeps increasing.
Answers to this question are constantly posted on this forum and on Reddit by people who are not software engineers/developers, nor product managers. Either that or they are truly terrible at their jobs. Reddit in particular has really turned into a garbage dump, but that's something for another discussion.
Anyway, in a business context you want to build software that meets your customer's expectations, so understanding how a user makes use of your software solution is really important for smooth communication and shared understanding between management, marketing and engineering. Normally you want to write out really detailed user stories/journeys, maybe even draw diagrams or create mock-ups that demonstrate the exact problem you're trying to solve and how your thing will solve it.
Here's a teaser:
Alice is at a farmer's market and wants to buy broccoli from a vendor. How does she pay?
Here are just a few important details that we need to know first:
- What country is Alice in, and what are the economic conditions?
- How much money does she make every year/how well off is she?
- How technologically sophisticated is she/how old is she?
- What tastes and preferences does Alice have/what prejudices her in certain ways?
We need a lot more information before we start talking about what BIP we can code up in a day. If you think about these questions only from your own perspective and experience, you're discounting the majority of people on this planet that want to use the same technology. Bitcoin's value depends mainly on how many people can safely use it, and if it's not in use by the largest number of people possible, it will not achieve it's full potential/value.
The correct answer to the question in this poll is "it depends". Bitcoin is for humans, and humans have different needs. Most likely every redditor and bitcoin.org poster's favorite potential use case, "in-person payments at high volume merchants", will not be satisfied by Bitcoin directly. Use something else for that one narrow use case if Bitcoin isn't doing it for you, and support the engineers who are working to make Bitcoin more secure and stable, goddamnit
Anyway, in a business context you want to build software that meets your customer's expectations, so understanding how a user makes use of your software solution is really important for smooth communication and shared understanding between management, marketing and engineering. Normally you want to write out really detailed user stories/journeys, maybe even draw diagrams or create mock-ups that demonstrate the exact problem you're trying to solve and how your thing will solve it.
Here's a teaser:
Alice is at a farmer's market and wants to buy broccoli from a vendor. How does she pay?
Here are just a few important details that we need to know first:
- What country is Alice in, and what are the economic conditions?
- How much money does she make every year/how well off is she?
- How technologically sophisticated is she/how old is she?
- What tastes and preferences does Alice have/what prejudices her in certain ways?
We need a lot more information before we start talking about what BIP we can code up in a day. If you think about these questions only from your own perspective and experience, you're discounting the majority of people on this planet that want to use the same technology. Bitcoin's value depends mainly on how many people can safely use it, and if it's not in use by the largest number of people possible, it will not achieve it's full potential/value.
The correct answer to the question in this poll is "it depends". Bitcoin is for humans, and humans have different needs. Most likely every redditor and bitcoin.org poster's favorite potential use case, "in-person payments at high volume merchants", will not be satisfied by Bitcoin directly. Use something else for that one narrow use case if Bitcoin isn't doing it for you, and support the engineers who are working to make Bitcoin more secure and stable, goddamnit
Yes, It depends on how you plan to use your bitcoins, if you are planning to invest and hold until you reach your desired market value then you see bitcoin as gold , but if you are using and earning bitcoins monthly or maybe as frequent as you need then you are using it as a digital cash, it is all based on our preferences nevertheless at the end of the day we all know that bitcoin is a valuable resources as much as cash and gold.
Bitcoin is both digital gold and cash. Bitcoin is advanced gold since its esteem is continually going up each year and we can see that and it is digital gold in light of the fact that plenty of stores from the diverse parts of the world effectively acknowledged bitcoin as another sort of installment technique when you are purchasing things or administration to them. So there is presumably that bitcoin can digital gold and cash.
It depends on how everyone as an individual makes use of Bitcoin. I personally see and use it more as something that can be seen as Gold. I am not really interested in using my coins for spending purposes. I use it as a store of value, where my main motive is to keep a large portion of my wealth outside the banking and governmental system. At the same time, the volatile nature of Bitcoin lends itself perfectly for investment/trading purposes, which is also what I am using Bitcoin for. For me the right term is indeed digital Gold.
Indeed that's true. It depends on the way one makes use of it or one uses it and it varies from person to person. I myself use it as an investment and in that way I can say it's like gold for me. I use it to buy some sort of services too so it's currency too for me. So in my opinion based on my personal experience and usage I can say it's both a currency and digital gold too. 
In my opinion bitcoin is and can be both digital gold and digital cash. Cash and gold have many similarities and they both aren't that different. Bittcoin is a secure store of value, and at the same time a medium of exchange that is used for payments. The community needs both and bitcoin is an excellent solution.
Bitcoin is more like digital gold as the value keeps changing from time to time I consider it as digital gold as it a form of asset with benefits
I do not completely agree with op's post. I said not completely so I am somewhat convinced but I have some of my point of views too.like I do not think we should always compare new stuff with either gold or cash instead I think crypto currency can be the new categories. like we can now say the product x is suitable with gold, cash or crypto currency. that will make lot more value than just discussing on its dividend. Gold and Cash are used as a Measurement unit so let's use Bitcoin on that scale too.
Moreover what i am seeing concern about bitcoin is a future currency that is coming up to dominate others.
So it is a future currency as we are seeing every thing clear.
I don't think that there any currency in comparison with bitcoin now.
Bitcoin is a digital cash or currency because some people use it in transaction. In addition to that, bitcoin is the new currency and many people says that bitcoin will be our future currency that be widely accepted in other country. I hope it would happen because I believe that bitcoin is our future money. So it is a future currency as we are seeing every thing clear.
I don't think that there any currency in comparison with bitcoin now.
Neither! The BTC is revolutionary how paper money was in the past. Economic technology always evolves and BTC is the new commercial technology that differs from gold and money. For these reasons the BTC is the Market of the future.
reality I very much doubt that the crypto currency will be available to the general population of the planet. Of course, the future for advanced high technologies and the digital currency will prevail in the market. But I do not understand how It will ensure everything is needed in certain spheres of human life. I understand that it's your investment and saving your income, but it's not a payment for a retail product. It's not gold, but it will be more goldy than gold.
You can simply say that bitcoin is a digital money or cash. Some country already consider it as money and they also use it in different transactions like paying bills and many more. Furthermore, I think bitcoin will become our future money that you may use even in offline store. I see bitcoin more as cash than as gold. Well, I can use bitcoin as a transaction tool, so I say that bitcoin is money in internet, not gold from internet. It looks good if we see bitcoin as money, because the profit becomes bigger.
Actually, I think bitcoin is a digital cash because you can use it in different kind of transaction and you may also use it in offline store. You can also say bitcoin is a digital gold because it has limited supply and some people say that bitcoin is an asset that you could gain high income.
Neither! The BTC is revolutionary how paper money was in the past. Economic technology always evolves and BTC is the new commercial technology that differs from gold and money. For these reasons the BTC is the Market of the future.
I consider bitcoins as a digital gold because of the limited amount and can be used as an asset to be profitable in future .
Bitcoin is also an online cash ( digital currency) as people use it to buy in online sites like games on steam and other things .
So we can see that it also depends on person to person that they want to keep it as a investment or as an asset .
Let's say it's a digital of combination of the two the hold and cash, cash as we can do pay and make transactions online that needs to be paid instantly and as a gold since gold is good for long term investment. Btc can perform well in both categories.Bitcoin is also an online cash ( digital currency) as people use it to buy in online sites like games on steam and other things .
So we can see that it also depends on person to person that they want to keep it as a investment or as an asset .
Bitcoins is given the title of digital gold. It’s just one of its name. People think that gold is very precious. To give this feeling to people regarding bitcoins, they attached the world gold and as it is in digital form, it became digital gold. Bitcoins is simply a crypto currency that is very expensive and beneficial. If I say that it's my black diamond, it simply means I am praising its beauty.
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