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    Author Topic: Bitcoin vs Gold vs Fiat  (Read 1096 times)
    MrFreeRoMan (OP)
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    April 09, 2019, 02:43:56 PM
    Last edit: May 30, 2019, 04:19:16 PM by MrFreeRoMan
    Merited by Ryan Dugan (3), Slow death (1), DoublerHunter (1)
     #1

    Key Attributes


    Sources: BullishCase

    Censorship ResistantBitcoin
    Perhaps it's most important feature. Centered around the idea that no entity should have the ability to seize your wealth or block a transaction.
    Gold
    While an improvement over fiat, gold's physical nature can make it difficult to shield from seizure.
    Fiat
    Governments and banks can intervene to seize or freeze bank accounts and block transactions.
    DivisibleBitcoin
    Bitcoin is divisible out to 8 decimal places, which opens up the possibility for micropayments where txs can be completed for fractions of a cent.
    Gold
    While gold can be divided into smaller amounts, it becomes impractical to use small specks of gold in commerce.
    Fiat
    Fiat currencies are easily divisible given they can go out to 2 decimal places.
    DurableBitcoin
    Bitcoin will remain durable as long as the network remains secure. However, it has a short history and risks associated with it.
    Gold
    Gold is nearly indestructible, highly resistant to corrosion, and does not rust.
    Fiat
    Fiat is only as durable as the institution issuing it. History is littered with situations where fiat currencies failed to maintain their value over the long term
    Established HistoryBitcoin
    Bitcoin has a far shorter history than both gold and fiat, dating back roughly a decade.
    Gold
    Gold has a track record that dates back millennia and has arguably proven to be the best store of value in human history.
    Fiat
    Fiat currencies in their current form are a product of the 20th century and largely the result of Nixon taking the US off the gold standard in 1971.
    FungibleBitcoin
    Due to the transparency of the blockchain, bitcoins used for illicit purposes could be traced and refused as payment.
    Gold
    An ounce of melted down gold is always equivalent to another ounce of gold.
    Fiat
    There have been instances where fiat denominations have been treated differently due to government policies.
    PortableBitcoin
    Bitcoin can transfer value around the world in minutes, and there is no limit to the amount of wealth an individual can directly carry on them.
    Gold
    It can be moved and transacted in small amounts but becomes impractical when dealing with larger values because of its weight.
    Fiat
    The digital transfer of fiat is easy, but can take a few days to settle and be subject to capital controls. Physically moving large quantities is difficult.
    ScarceBitcoin
    Bitcoin's maximum supply is 21 million BTC with its inflation schedule predefined and governed by a mathematical formula.
    Gold
    While there clearly exists the possibility for the discovery of new reserves both on and off earth, it remains highly scarce.
    Fiat
    Fiat lacks any true scarcity as governmentscan create more as needed and have the potential to issue an unlimited amount.
    VerifiableBitcoin
    The underlying blockchain ensures authenticity and cryptographic signatures prove ownership.
    Gold
    Can easily be identified, however, gold can be faked or secretly filled with cheaper metals.
    Fiat
    While fiat currencies are relatively easy to identify, fiat can be counterfeited.

    Now the complexity of the number of assessments by the criterion:


    From 40 (Maximum possible):
    Bitcoin - 34 points
    Gold - 32 points
    Fiat - 24 points

    Bitcoin Victory!




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