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5 reasons why bitcoin is better than gold

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5 reasons why bitcoin is better than gold
In many ways cryptocurrency and gold are the same. Both resources are rare; gold rare by nature, while cryptocurrency remarkably is programmed Protocol of the blockchain. Gold and bitcoin can be divided into parts; the gold can melt and turn into small round coins, or even small particles. Each bitcoin can be divided to 0.0001 units. Both resource — interchangeable; each ounce of gold be exchanged for the same.
https://e-dinar.io/

However, the cryptocurrency has a number of distinctive things:
gold — physical, cryptocurrency — virtual
- gold stored in banks for security purposes and for payment, crypto currencies are stored on your computer and all payments are tracked through the blockchain.
- gold can be stolen physically, while crypto-currencies are vulnerable to hackers.
- gold is available only where it is physically cryptocurrency dostupna wherever there is Internet
- the liquidity of gold is due to its material delivery to the recipient, the liquidity of cryptocurrencies can be done almost instantly at any time.

Asian cryptocurrency E-Dinar has also simplified system of mining. All you need is to buy a certain amount of E-DINAR. After this process of mining starts automatically, and you get 20% of the amount in your cryptocotyle every month!

Making money with E-DINAR just: a contributor can be anyone - from student to pensioner or housewife. Cryptocurrency E-DINAR is a simple and affordable alternative to banks and stock exchanges, where all activity is governed from the centre.

Now the system has over 10,000 users, mostly from Asia, South America and Eastern Europe. Who knows, maybe that cryptocurrency will really be the new alternative to not only the financial system but gold.

https://e-dinar.io/
https://www.youtube.com/watch?v=oD-9AhMai6g

 

Edited by Sparked
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Speaking of your introduction, why not have both? You can always have gold and Bitcoins to diversify your portfolio. What's more you can exchange some of your Bitcoin for a physical gold (for example here) or the other way around. There are plenty of ways. 

BTW: Your YouTube video got deleted or it's unavailable 

 

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I wouldn’t say that Bitcoin is better than gold just because of 5 reasons. Both have their own strengths and weaknesses. But if I were to choose one between the two, I think gold still outweighs Bitcoin in this case. Maybe if Bitcoin goes through more refinements then I’d pick it over gold. It’s still too early for us to ditch fiat currencies and commodities like gold. If systems crash and networks go haywire, I’d rather have something tangible in my arsenal.

The TS makes good points though. As we look at Bitcoin today, more and more users are encouraged to try transacting with bitcoins. Soon, it might just be the number one alternative to real money.

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I really don't think you understand the working mechanism of Bitcoin under the hood. Bitcoin offers literally everything gold offers as an asset plus more. The only disadvantage Bitcoin has over gold are because of mass knowledge of gold over Bitcoin which is bound to change, and gold has utility as a precious metal which is paralleled by bitcoin with it's utility as a money transfer system. One of the best benefits of buy Bitcoin is that it eliminates third party interruptions. This means that governments, banks and different financial intermediaries don't have any authority  whatsoever to disrupt user transactions or freeze a Bitcoin account.

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