Bitcoin can be stored on something fairly sizeable, such as a computer.The collector needs a safe or some kind of storage device to securely hold the gold, as well as physical space for the storage device.I do not choose both, because for me the same bitcoin or gold have different values.
This currency exists in the digital world, its most intense space demands come in the form of memory.
As Bitcoin becomes more widely-accepted, blocks become larger and in turn the blockchain takes up more memory.Following are a few comparisons I have thought out, for the reason I am invested in Bitcoin.The Winklevoss brothers once claimed that Bitcoin will one day become better at being gold than gold itself.
This particular space requirement has historically led to the use of gold-backed paper notes as substitutes for hard cash, which creates a need for trust that we will examine in part 2.Quote from: subSTRATA on September 01, 2017, 11:19:32 PM Quote from: Biggapp on August 25, 2017, 02:45:47 PM Quote from: longpro098 on August 24, 2017, 07:05:41 AM True bitcoin is much better than gold and also safer when compared to gold, through investing in bitcoin your money in a very profitable and incremental way for a while at least because bitcoin prices increase day by day.The Bitcoin Investment Trust Shares have almost tripled in value in the last twelve months, gaining more than 30.If you want to buy drugs or guns anonymously online, virtual currency Bitcoin is better than hard cash.
Quote from: kevindjunaidi on September 03, 2017, 09:04:25 AM gold can only be for investment, while bitcoin has more functions that is investment and trading, so more profit earned bitcoin than gold.There are a couple of advantages that make Bitcoin better than gold, at least for the millennial generation, which understands the digital currency better.Quote from: Noilee on September 02, 2017, 03:35:06 AM Yes bitcoin is better than gold, because bitcoin is gives opportunity to invest and easy to earn.It is good to have a visual representation of the cons and pros of each set of the value of Bitcoin, fiat and gold.The more costly mining becomes, the larger firms must be in order to remain efficient.
As gold mining becomes more centralized, control over the supply of gold becomes more consolidated.Centralized banking may be considered more dangerous than consolidated gold mining, because a bank can use its power to run fractional reserves and issue paper notes in excess of its gold reserves.Quote from: David Horton on May 18, 2017, 10:42:58 AM So Bitcoin is better than Gold.Bitcoin is a lot easier to secure than gold, you need to hide your gold very well in your home and never forget it or you need to hire expensive services to store your gold, to store bitcoin you only need a piece of paper in the form of a paper wallet and you are good to go.The more centralized both gold and Bitcoin become, the more reliant they are on trust to run smoothly.Is it just hype or something fundamental about the digital currency.Bitcoin prices have stumbled and the alt-currency has some formidable headwinds.In this guest post by Haven Investor, we settle the debate between bitcoin vs gold.
Look at its weekly performance and you will see that the virtual currency soared by some 20%.The digital currency has more than doubled in value, while the yellow metal has gained 8.73.Bitcoin Price Rises Higher Than Gold,. the Better It Is for Bitcoin.As the Winklevoss Bitcoin Trust ETF(NASDAQ:COIN) sits in limbo, the underlying currency is acting much more bullish than gold.Well, yea Bitcoin obviously has a lot of different properties than gold. and I think it is in many ways better than gold.An autumn rally has put bitcoin on track to finish the year in the green.Gold takes up physical space, requiring a significant amount of material resources to transport from location to another.Nodes are essential to the network because they store the blockchain and broadcast transactions across the entire network.
A mining firm with a majority market share is more dangerous than a large gold miner, because Bitcoin miners play a powerful role in the overall network.After Raising Over 3933 BTC From Token Sale, ICOBox Gears Up For Token Exchange.This question does not have an easy answer, and arguments revolving around it regularly crop up in the Bitcoin community.The effects of gold mining centralization are straightforward.