Bitcoin Marketcap
$1.82T
Gold Marketcap
$16.19T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Bitcoin Marketcap
$1.82T
Gold Marketcap
$16.19T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
31 Mar 2012 | | Price when published: $4.88 (ROI since: +1,974,760%)
Filed under: fundamentals articles
In one of the earliest pieces explicitly laying out the case for bitcoin as a potential replacement for gold, cypherdoc describes his personal path to realizing the power of bitcoin's properties and what that implies for bitcoin vs gold, as well as bitcoin vs fiat.
I see Bitcoin as The Peopleβs Money. It preserves privacy, not secrecy. Bitcoin represents the marriage of technology and gold. In fact, I will go so far as to say it is Digital Gold and could easily be used as an international reserve currency much like the metal itself was used until 1971 before Nixon took the world off the Gold Standard.
Why was Bitcoin invented? It was invented as a poison dart targeted directly at the heart of the problem; fiat currency debasement.
What do you think of this piece?