Take 2 mins to look at this, and it becomes undeniable.
Gold is valuable as an asset because of its scarcity and ownership characteristics. BUT...that's not enough to be a strong medium of exchange.
Bitcoin has all that and more
1) Shared Characteristics:
Bearer Asset
Limited Supply
Decentralized / asset without an issuer
2) Bitcoin specific:
Portability - Because of its digital nature, Bitcoin can be moved around.
Divisibility - Can be split into infinite parts and exchanged independently.
No storage requirement - Gold reintroduces counter-party risk, because it can’t be individually stored at scale, it must be kept with a third party.
Censorship resistant - Bitcoin is immune to attacks.
Auditable & Predictable - The network is open-sourced, can be audited, and has absolute predictability.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments