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Bitcoin is an optimized version of Gold

Bitcoin Reddit

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Take 2 mins to look at this, and it becomes undeniable.

Gold is valuable as an asset because of its scarcity and ownership characteristics. BUT...that's not enough to be a strong medium of exchange.

Bitcoin has all that and more

1) Shared Characteristics:

Bearer Asset

Limited Supply

Decentralized / asset without an issuer

2) Bitcoin specific:

Portability - Because of its digital nature, Bitcoin can be moved around.

Divisibility - Can be split into infinite parts and exchanged independently.

No storage requirement - Gold reintroduces counter-party risk, because it can’t be individually stored at scale, it must be kept with a third party.

Censorship resistant - Bitcoin is immune to attacks.

Auditable & Predictable - The network is open-sourced, can be audited, and has absolute predictability.

submitted by /u/AlwaysMakingMoves111
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