Topic: Why Bitcoin Instead of Gold? - page 8. (Read 946 times)

That is what I said, I have seen the material things use by gold but I have not seen the raw material of Gold. And in that case I can't just choose Gold like that. And gold is not easy to assess like bitcoin that one can use $1 to have it through p2p. The way the businessmen make gold to be over high that the poor man can not have access to it raw material is very bad. Though the process of acquiring it from the ground is hard. But bitcoin mining is also hard yet bitcoin is free for everyone to have and use.

Why "instead" and why not both?
In fact the best approach is to have your money split into different "assets" instead of just one, if that's the way you see bitcoin (as an asset). That is called diversification and since bitcoin is the most independent market and is not affected by other markets (it is affected by the economy as a whole though) it makes it an excellent "extra" option to have.

A lot of the jewelry that women wear is made of gold, so you may have seen them but haven't paid attention.

Maybe you did without knowing?. Ever seen CDR with gold top and green bottom? That's the original Taiyo Yuden formula, it is gold and cyanide. Also CPUs often use gold for the feet, especially the older ones like Pentium etc.

Granted, the amount of gold in the CDRs is minuscule and modern CPUs reduced the gold use for cost reasons. You can also enter a jewelry and see some rings, so at least you have seen the thing. It is a bit more interesting to hear the sound of a gold coin IRL. but yeah, gold had become fantasy currency. Sadly, there are people extracting a few grams by deforesting acres of rain forest jungle in South America in countries where the state is a socialist joke and gangs with corrupt military rules the place.

I find it seriously ironic that some people dare point at Bitcoin with the environmental FUD when the elephant in the room is right there stomping their noses. Where are their protest against the destruction of jungle that took thousands of years for nature to make? Did you know the north of Africa used to be a jungle just like the Amazon? It is now a desert. Why are those fools not protesting against those govs that allow this with impunity?

And yet Bitcoin has a limit, and its "extraction" rate is programmed to become rapidly more scarce without any chance of finding "new veins" and hurting new ecosystems. If you want to save the Earth, use Bitcoin and drop fiat or precious metals as a means of exchanging wealth.

You will find a variety of answers to this question depending on who you ask.
People who lived in ancient times would probably choose gold because their brains were fully indoctrinated by saving money in gold.

Now the Revolution has happened since the presence of Bitcoin, people prefer Bitcoin over Gold because of all the conveniences offered by Bitcoin. With Bitcoin you can withdraw money at any time without having to use other parties, Bitcoin can also be used as a very profitable investment asset even though at certain times the price can drop, in general Bitcoin can offer greater profits than gold.

The topic was certainly discussed before, but perhaps the overall opinions change over time, so let's do this.
Gold is a physical thing, so you need to buy it somewhere and physically store it somewhere. If it's a bank, you might worry about a robbery or the centralization of storage. If it's in your flat, someone can notice/you can forget where you put it, there's also a robbery risk, etc. Also, if you need some cash, selling BTC for fiat can be done pretty fast and easily online, but selling gold is again a whole thing.
To me, these are the top concerns and why I choose Bitcoin over gold.

there are several benefits in Bitcoin instead of gold.
Just think about divisibility. Ok you have one full kilo of Gold, how you can divide into three pieces!? Well you have expenses and so on
... Plus how to cash out just a portion? How ti send something abroad? Btc Is a clear evolution of this concept.

Bitcoin and gold has a value, same thing.
Bitcoin and gold are scarce, same thing.

But...

Bitcoin is decentralized, while gold is centralized.
Bitcoin offer privacy, while gold isn't as you need to KYC your account or you leave a trace when you transact in a gold store.
It's possible to carry Bitcoin that worth $1,000,000 while gold you must use a transportation since it's really heavy.
You can send Bitcoin faster and easier to someone else, while gold isn't.
And many mores...

It's a matter of choice. If you are a lover of privacy and decentralization your choice will always be bitcoin. Gold can be tracked easily and highly regulated. If you are a risk taker that doesn't give a damn about volatility, Bitcoin will also be your first point of call. But if you like stability and less risk, you should go for gold. Bitcoin also has high liquidity than gold, you can always get buyers compared to gold. Bitcoin can be easily stored and hard to steal compared to gold. Unlike gold Bitcoin can be moved easily.

Since when I was born, I have not seen a raw Gold with my naked eyes. They made gold so precious that ordinarily people cannot feel the nature of gold but when bitcoin came, it made itself very simple and everyone can have access to it from small to big. And as it is now, the poor value bitcoin more than Gold because it is easy to access, and it increase in price more than Gold. As for me, I I choose bitcoin to Gold because I have not seen gold I'm my life except the already fabricated materials with gold and not the real gold but I have use bitcoin.

Bitcoin instead because of gold because

1) Rate of growth is faster in case of bitcoin

2) Easier to carry bitcoin

3) Bitcoin can be easily exchanged for online services being purchased all over the world. Impossible with gold.

Executive Order 6102

This can happen again. Much easier to hide 12 words than ingots, and you can easily cross borders to escape hostile countries without declaring anything, the State doesn't need to ever know.

The answer to a debate that is constantly discussed on social media accounts and news outlets may open doors to different answers for everyone. So, Why Bitcoin Instead of Gold for you?

If this topic has been discussed before, I would appreciate it if you could enlighten me.