Yacine Amine
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Yacine Amine
A common chart shared around the crypto scene is above. Though some of these qualifiers are hardly objective (durable? Gold is not durable. As for metals, it is pretty soft, though it ages better than cash, sure), we can see some points that gold does not win out against Bitcoin in. Mainly, verifiability, divisibility, portability and others. But it’s the former that we will examine here. Bitcoin is verified as Bitcoin precisely because of the code. The process of mining Bitcoin is the same process as verifying transactions and the ledger detailing the location of all Bitcoin. To this day, there has never been a ‘hack’ of that ledger. There has never been a false-verification of Bitcoin, or any ‘fake’ Bitcoin (although Bitcoin SV and other copycats have certainly tried to do so). This is one point that gold fails at. Miserably.
Yacine Amine