Bitcoin price hits $40k less than three weeks after shattering $20K

Re:Bitcoin price hits $40k less than three weeks after shatt... by ur-whale on Thursday January 07, 2021 @02:27PM (#25675972)

> has been tried and tested in the form of gold standard and deemed not satisfactory.

I believe the comparison is unfair:

    - Gold can't be transfered in under 10 minutes halfway round the planet

    - Gold can rather easily be confiscated

    - Gold is very hard to subdivide to tiny quantities

    - Gold can easily be "faked", especially for tiny amounts.

    - Gold's supply is not really finite

    - [edit]: carrying 100kg of gold across a border is - to say the least - problematic

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Re:Bitcoin price hits $40k less than three weeks after shatt... by beefield on Thursday January 07, 2021 @02:41PM (#25676177)

Those have very little to do with monetary policy (https://en.wikipedia.org/wiki/Monetary_policy)

Plus, in the modern credit-money world, an IOU from a bank worth 1 BTC, IOU worth one ounce of gold and IOU worth $1[1] have precisely same technological properties and limitations.

[1] A.K.A "Money in your bank account"

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Re:Bitcoin price hits $40k less than three weeks after shatt... by paras2594 on Thursday January 07, 2021 @03:41PM (#25677150)

I do believe these statements as the best way anyone could have defined.

And when it comes to Buying Bitcoin over gold https://www.buyucoin.com/buy-bitcoin-india this is the apt choice

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