BITCOIN VS GOLD: WHERE BETTER?
Bitcoin is exactly like that, but the difference is that it is digital or invisible. So now imagine you've turned the gold into something virtual and stored on your computer or smartphone. Bitcoin has all the important aspects that gold has, but it looks like a pulse. Amazing, is not it?
We can summarize that Bitcoin has gold-like characteristics as follows:
- Limited supply, of which there will be only 21 million Bitcoins scattered throughout the world;
- Not created by the Central Bank / government, but by a party not known to the original identity;
- Not manufactured or controlled by an individual, group or company;
- Impossible to duplicate or counterfeit;
- Durable and not easily destroyed;
- Obtained by mined, but using the mining program and mathematical algorithms;
- Can be transacted worldwide;
- The transaction is irreversible, meaning that once Bitcoin is given to someone else's hand, the
transaction can not be canceled unless the person is willing to send the Bitcoin back;- Can be exchanged and traded with various currencies in the world.
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