The difference of bitcoin and gold
Bitcoin has the upper limit of 21 million BTC, now there are less than 25% have been issued, the issuing rate is very slow, the equivalent of a very low rate of inflation. Or that seigniorage is very low. Bitcoin corresponding economy and gold.
Gold also has an upper limit, the earth is so much, dig out a little every day. It can be understood as the inflation rate is very low, or seigniorage is very low.
Gold trading cost is very high, the sale of gold to the agency bank or its agent in China people only, not only have the transaction fees, there is a special repurchase fee. Bitcoin corresponding economy and gold.
To buy Jewelry form, but also to all kinds of cost in disguise. How high can’t estimate. We can be understood as the gold “consumption tax” is very high. Bitcoin corresponding economy and gold.
Bitcoin transaction costs relative to gold is very low, but is gradually rising. Bitcoin corresponding economy and gold.
The GDP is the world’s gold GDP, gold after thousands of baptism, almost all of them accepted gold, that gold is a precious metal deposit. Gold does not need to accept the development of population, economy to increase the corresponding. No development, isn’t it?
Bitcoin is not the same, bitcoin corresponding economy and gold. Bitcoin corresponding to GDP is very small, but very fragile, people can use other abandoned bitcoin transaction media. Just last year, bitcoin industry lost several large companies, Shao Cirle.