Bitcoin VS Gold: who is the king?

Bitcoin VS Gold: who is the king?

 
Bitcoin is often called the “golden 2”, as both have many common characteristics. As a magazine dedicated to automobile, motorcycle, computer, between mobile phone products PK, maybe

We should be in the “1 gold vs gold 2” and “metal vs digital” was also a duel.
 
Money has six attributes recognized, so it becomes the ideal value transfer between organizations. This is our standard of judgment:
 
– durability
 
And portability
 
– separability
 
– Alternative
 
– Supply Co.
 
– Acceptance
 
   History
 
Gold as money has 5000 years of history. In 1933, American citizens confiscated gold, the dollar price of gold will increase by 40%, resulting in a nationwide overnight inflation 40%. After the United States continue to exchange dollars for gold in foreign affairs. The United States Government Printing dollars to pay fees, the cost of the cold war, the Second World War and the space race to the moon cost. However, the world is increasingly concerned about the problem of American spending does not stop. In mid 60s, with international open dialogue to show that the United States the ability to repay debt worries. According to the United States dollar and gold, as well as other countries can freely exchange between the dollar and gold. Finally, the leadership of people think that the choice of gold can bring better value.
 
French President De Gaulle’s 1965 speech about us spending and debt problems, it still sounds like it was just last week. He talked about the “dollar crisis”, the United States into a debt crisis, because they insist on using dollars to pay the equivalent of sacrificing the interests of other countries at the cost of borrowing for free. Nixon delivered a speech on 1971, the United States, announced the closing of the gold window, this window will allow other countries to exchange for gold dollar debt paper. The United States Strategic Supply reduction. This effectively makes the United States off the gold standard system, the system has to obey certain rules of printing dollars. Nixon’s speech to the world that this is temporary, if the United States continues to buy only American products, they will not feel the price difference. He believes that the future of the dollar value and current value is the same. He also accused the international speculators to bet $caused by the move.
 
durability
 
Gold proved to be one of the most durable materials of the earth. It does not degrade. Every ounce of gold has been mined still exist in the world (except for a small part to outer space). Gold is really rare items.
 
Bitcoin will only in unusual circumstances, the moment was created in the mining have been destroyed, this situation seems to have not occurred. But if the hard disk contains the key buried in the garbage burned down, these units bitcoin may disappear forever. It can be said that this is a box of gold and the pirates buried in the island beach, long forgotten, the result is the same.
 
Bitcoin per unit are recorded in the public books, copy on thousands of hard disk and all over the world in the cloud. We can’t predict what will happen in the next hundred years Ribet coins, but to this generation, bitcoin operation is good. But because officially, bitcoin is an experiment, we should take this to gold.
 
Winner: Gold
 
   Portability
 
When talking about having enough money to buy a house, when the ordinary or luxurious house, it hardly can be compared. A $200 thousand house about 12 pounds of gold. But also need someone to identify them is wrapped in a fake tungsten block, the common adulterants recently worryingly. Then move to deal with security and insurance. If you want to cross-border transfer of large amounts of gold, you must first make a statement, pay various fees and assessments, in addition to various groups in between the high cost of security coordination. Includes currency conversion costs (after all, how many people are willing to accept it all, full payment of gold) friction costs up to 10%-15%. If the 200 thousand house is located in other countries, you will need an extra 2 pounds of gold to cover expenses.
 
You can use the Internet channel, the transfer of bitcoin in the world. It is running at the speed of light. In fact, it doesn’t really need to move, because it exists in the public books. Only need to move the position of the consumer when the unlock key. The key can be copied, recording or memory. It does not require third party insurance, or costs, is completely frictionless. You can easily be moved across borders like moving your memory as simple. The paper is a purse string of numbers, it is so small that can be engraved on a piece of paper on the size of the fortune cookie. Tens of thousands of places to accept bitcoin as a means of payment, do not need to convert them into cash, intelligent mobile phone can operate.
 
Victor: bitcoin
 
separability
 
Gold can be divided into small pieces, but it will consume huge cost and manpower. But not everyone can be divided into an ounce of gold or a half ounce. Can be the golden 1/31 grams ounces of physical form. The physical form can be divided into the most fine gold grams, namely 1/31 oz. At present, 45 dollars is the minimum unit of physics, so if who wants to take the gold as a means of payment, buy a movie ticket for $20, the change is a very difficult thing. Technically, the use of scientific knowledge and expensive equipment, gold can be divided, but the actual operation is not so.
 
Anyone can bitcoin divided into 8 decimal point, if there is a need to split more fine. The computer system can easily handle this you use. In the transaction process, automatic charging. You can create any number of free wallet to store your sub unit value of bitcoins, even hundreds of free wallet, as long as you want. In fact, there is no any restriction.
 
Victor: bitcoin
 
   Alternative
 
A unit with another unit, exactly equal to the value is important. Take a dollar from the wallet, purse out from another dollar, their value is as like as two peas. Gold is not so simple. The metal can be diluted. Coins can be cast in gold 90%, 100% or other components. The size and weight have been unable to determine. There have been instances of fraud to use tungsten. In different countries or different price Mint gold coin issued. Gold age and condition also will produce a premium. The higher the degree of subdivision of gold more expensive. Ten 1/10 ounces of gold price is significantly higher than that of a single 1 ounces of gold price.
 
Bitcoin without these problems. Each bitcoin has recorded, in theory if not millions of dollars of investment, it cannot be forged coins, and such investment gains is short. May happen in practice. Another unit next to each unit in the general ledger and the value is always the same. All single bitcoin value added up is equal to the total value of 100%.
 
Victor: bitcoin
 
Limited supply
 
As the supply of gold is limited. 历史上,所有被开采的黄金能够填进一个网球场大小的立方体中。 Looking for gold has become more difficult, because of the ease of mining is said to have are found. But in theory, there will be a new discovery, gold prices will be lowered.
 
Bitcoin supply has strict rules. May we die long after a year, bitcoin will end at the end of the 2140 issue. This rule is “hard encoding” in this currency. Injection system in bitcoin speed also can be predicted. We can write the contract according to the known number of issued. There is no need for speculative forward contracts. Bitcoin supply is more restricted than gold.
 
Victor: bitcoin
 
  Acceptance
 
Gold and other precious metals in gold exchange. The actual business activities, almost no place to accept gold as payment. Because the gold identification is very troublesome, the storage of gold and dealing with all aspects of the specific requirements of security affairs, not worth the trouble of using gold. Gold minimum trading unit is a value of about 45 grams, to $60. Less than the amount of gold will not change. If the amount of your purchase is not a multiple of 50, you may not get change.
 
Bitcoin has received tens of thousands of places, although not to the level of one million. Bitcoin has exchanges in the world, there are some commonly used in direct contact with the bank. Technology and precision design allows a new generation of people to participate, bitcoin trend will be a major trend that more companies will join in bitcoin. The confidence in the stability of all bitcoin value, or expected prices will continue to rise, bitcoin acceptance increased. With the mainstream and Wall Street investors started to invest a lot of money in the system, the network effect will make bitcoin more attention of the merchants, it will form a Domino effect: do not accept businesses will suddenly forced to accept bitcoin, like all businesses ultimately accept a credit card, if they do not accept it will lose business. In addition to gold investors, gold as money, for a new generation of people, like the stone business, with exotic colors.
 
Victor: bitcoin
 
[summary]
 
The score of 5:1, bitcoin is undoubtedly the winner. Hear this, such as Gold bugs and Doug Casey of the gold speculators, may burst of cerebral blood vessels, but with the trend of conversion, they belittle bitcoin to support their business models in the world will not last long. Good luck, we can finally be stored in underground vaults of all the gold is lifted to the ground, they will melt and recast the fulfillment of human appreciation of art and jewellery.

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