What are the equations of Gold and Bitcoin?

in #f7 years ago

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[24/1 12.16 AM] Wasyap: = decentralization, the government can not fully control (you take 1 kg of gold to the black market in Arab or America then you can trade quickly without the need for official government procedures);
[24/1 12.16 AM] Wasyap: = become an escape from government money (Venezuela inflation then money run to Bitcoin, define China then run to Bitcoin, so also with Brexit);
[24/1 12.16 AM] Wasyap: = limited quantities (gold is unlikely to be produced by the Earth and is not sure there will be a gold meteor entering Earth Bitcoin is limited in number, always down the current number and will stop at a certain amount);
[24/1 12.16 AM] Wasyap: = Control the same (you keep gold in the closet principle no one knows unless you unlock and selfie photos on Facebook, as well as Bitcoin You hide your key, no one knows it's yours). You can run away from taxes because Bitcoin is not money, like gold. They are commodities.

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Commodities have intrinsic value, BITcoin does not.