4 ms·

And how does it compare to gold?

• hypeatei 1y ago
  Gold is a shiny, tangible thing that doesn't require electricity and it doesn't put all your transactions on a public ledger. Oh, and it lasts basically forever plus it's malleable so you can get it down to quite small denominations.
  • scottiebarnes 1y ago
    Ah, so gold is a shiny rock that doesn't have a decentralized transmission network (the internet). Mining and smelting gold requires quite a bit of electricity. But Bitcoin the network undoubtedly uses more. As for small denominations, Bitcoin goes down to a single unit of Satoshi (1/100 millionth of a btc) and since its digital, subdivision is trivial. So despite this, there are far more retail and commercial opportunities to exchange your btc for goods and services, where as I don't know of any place I can trade gold coins for things.
    • carlosjobim 1y ago
      Gold is the best thing which has ever existed in the universe, mind your tongue.
  • tim333 1y ago
    Gold has the issue that you can mine a lot more of it. The supply of bitcoin is capped.
    • yifanl 1y ago
      The supply of Gold is capped too, it's just further out.