Bitcoin replaces gold

1. The relationship between bitcoin and gold
bitcoin, a blockchain based digital currency, is often regarded as a global safe haven asset like gold. In this age of global turmoil, even gold has become unreliable and may be confiscated as India has. Some people have begun to think that bitcoin can replace gold, because bitcoin not only has the reserve capacity of gold, but also has some capabilities that gold does not have, such as low handling charges, rapid transfer capacity, decentralization and so on. With the increasing popularity of bitcoin and the decreasing volatility, the status of gold has been threatened
will bitcoin shake the status of gold?
gold has a long history, almost as long as the history of human civilization, and has withstood numerous tests in history. Bitcoin is less than a decade old, but its value has risen sharply. There is no support behind bitcoin. Of course, since the end of the gold standard, there has been no support from other currencies, except that there is no support from the central bank behind bitcoin. It's hard to predict whether bitcoin will exist in the next decade, a hundred years or even a thousand years.

2. Graphics card's computing power is very strong, mining machine is also piled up with graphics card.

3.

Bitcoin will never replace gold

this view does not mean that I am against bitcoin or I am not optimistic about the development prospect of digital currency. On the contrary, I am optimistic about the development of digital currency. However, no matter how much bitcoin and other digital currencies develop, they will never replace gold. The reasons are as follows:

first, gold reserves are limited and there is no substitute, Bitcoin can be replaced at any time

at present, about 170000 tons of gold have been mined in the whole earth, and the gold reserves of all countries in the world are 33259.2 tons, and the rest are used in jewelry, instry and private investment fields. With more and more gold mining, the proven reserves of gold will be less and less, so gold will be more precious in the future

But bitcoin is different. Bitcoin is just a kind of virtual currency. To put it bluntly, it is a computer program. People can develop digital currency similar to bitcoin at any time, so bitcoin can be easily replaced

From this, we can see that although the US dollar is also a world currency, the US does have a very large proportion of gold foreign exchange reserves, which in turn further strengthens the status of the US dollar

so in general, the status of gold can never be replaced by bitcoin< br />

4. It's deceptive. Activation needs 0.3 BTD. It's impossible to cash in the wallet to experience the BTD generated by the mine pool, because it needs energy, but the energy of new users is zero. That is to say, you have to find a way to get energy through other ways first. In other ways, you need to pay a little first. Ha ha, otherwise, it's a dead cycle to proce more BTD, No matter how many real name users you push, it's useless! Study, understand, decisively unload!

5. Basically not, because the price of gold is e to the existence of people, and bitcoin comes from the network

6. The current coin safety mine pool has achieved very good results in terms of revenue and user experience, such as supporting the function of selling money with one click, which makes miners feel like fish in water.

7. Bitcoin is impossible to replace gold. Gold is based on physical gold. Bitcoin is a computer programming cipher chain, which has no value. Generally, if it is abandoned, it has no value.

8.

Although bitcoin is soaring, it can't replace gold. Gold is directly linked to currency. The Brinton forest system established after World War II has linked the US dollar to the gold tube and the currencies of other countries to the US dollar. In this way, gold has a unique function of general currency, but bitcoin can't{ RRRRR}

the fact that the price of bitcoin can't rise recently has something to do with the economic fluctuation behind it, because it can also be regarded as an investment. Some people think it has the function of fighting inflation. Because of the epidemic situation, the economic development situation of all countries in the world is not very good, so monetary policy is needed to stimulate it, Although the efforts and methods of regulation and control are different, they are basically water releasing, that is, to implement loose monetary policy, lower deposit and loan interest rates, lower deposit reserve ratio, and let more active money flow in the market. however, this not only promotes economic development, but also brings inflation, which requires some investment methods to combat inflation, Bitcoin has become one of the choices, which leads to the rapid rise of bitcoin price in the short term