It is possible to say bitcoin is gold and even more so.
Some links on the communication channel bitcoin information in Viet Nam for reference:
https://blogtienao.com/dong-sang-lap-apple-wozniak-bitcoin-tot-hon-vang-va-usd/
https://blogtienao.com/peter-thiel-ty-phu-dong-sang-lap-paypal-bitcoin-gia-tri-hon-vang/
Topic: Is Bitcoin digital gold or digital cash? - page 3. (Read 12063 times)
For me it is firmly in the camp of being digital cash and nothing more at this time. Gold is a physical asset and Bitcoin so far has always been a virtual digital asset with no current way to change that definition
digital cash
he has a high price. those who equate it with gold - in a fraudulent way they try to attract investments.
he has a high price. those who equate it with gold - in a fraudulent way they try to attract investments.
Great question! I still think that bitcoin is able to replace gold, because now bitcoin is used as a means of accumulating values, and not as a means of transferring funds!
If you look at it bitcoin can be a digital gold for the purpose of investments in the digital world, while in the other hand bitcoin can also be considered as digital cash because bitcoin can also be use as mode of payment and exchange , this is how important bitcoin in thexdigital world.
Actually BTC is digital cash but it is also compared with gold. BTC was the 1st criptocurrency like it was gold a lot of years ago. So BTC could be named as digital Gold.
I think bitcoin is digital gold. Bitcoin and gold have the same function of value reserve. Bitcoin is easier to carry than gold, but if there is no internet, gold is safer and safer than bitcoin, and gold will not disappear. We can see and touch it
Bitcoin can be considered as a digital form of gold but it is much more than that. The technology it utilizes is revolutionary and will change the way we make payments.
For me, it is a digital cash because its value flactuate just like a currency of every country. The beauty of bitcoin is that it has a high value other than the paper money (dollar).
Obviously digital cash and the ease with which bitcoin is more obviously very profitable and very useful for everyday life, and the value obtained is much higher than paper money (not just dollars, maybe all currencies), so many are hunting and search for it.
Bitcoins and gold have similarities in the sense both are earned by mining but bitcoin does not have physical existence as bitcoin is a peer to peer or network to network transactions carried out all over the world through internet. Both bitcoins and gold are limited in number but the demand is very high making it the most expensive materials in the world. The price of bitcoins have crossed the price of gold. Bitcoin is highly volatile in nature and so no one will be able to predict the price changes of bitcoins in the crypto market. Bitcoins are the first digital cash which can be transferred to anywhere from any part of the world without a third party involvement like the banks.
For me, it is a digital cash because its value flactuate just like a currency of every country. The beauty of bitcoin is that it has a high value other than the paper money (dollar).
I think is bitcoin is digital gold.
Call it digital gold or digital cash all is which calling bitcoin because it is and asset and also a currency to be spend.
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
yes we can call it both because its very expensive that really we can compare to gold. 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
Digital systems owned by bitcoin have many advantages over others. Currently bitcoin is one of the pioneers of digital currency. Bitcoin is a system that makes the cash into a digital technology.
I think in general is tought as store of value which can be easily obtained and could bring immense profits.
Altough the transactions speeds and costs per transactions have improved dramatically, i believe that most people think of it as digitial gold and look for transaction crypto else where.
Altough the transactions speeds and costs per transactions have improved dramatically, i believe that most people think of it as digitial gold and look for transaction crypto else where.
Bitcoin is the currency of the future is very open and dynamic, the transaction is very easy and fast.but 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.
I'm really proud to be a part of this discussion, I think bitcoin can be both, it depends on which name would you use for it, for me, it is digital gold. yesterday I came to know that the rate of bitcoin is greater than gold, I would love to call it as a digital gold.
we can buy, sell, invest and trade bitcoins so it is a digital money while we can also keep it for long-term as an asset like gold so it is a digital gold as well.
more like digital gold, it never will be used as cash as it keeps being so volatile, besides people dont want to spend their btc because they think it will constantly go up in value. This was propagated by the community with stories like the one with the guy who paid 200000 btc for a pizza, these are hurting the markets right now, and the chance of it ever being used as money
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