Bitcoin : Why Bitcoin will replace Gold
Gold is currently a major ingredient for countries reserves and for the security of the publics personal wealth, but should be replaced by Bitcoin.
Key reasons why Gold is the wrong choice:
-also a huge consumption of electricity.
-mining deaths for Gold, way exceed that of Bitcoin.
-South Africa mines about 50% of the worlds Gold and the mine shafts are the top 10 deepest shafts in the world…meaning it is getting more dangerous, expensive and scarce to continue mining at those depths. [https://en.wikipedia.org/wiki/List_of_deepest_mines](https://en.wikipedia.org/wiki/List_of_deepest_mines).
-at these depths the cost of mining Gold can be expected to increase exponentially as opposed to linearly.
– Bitcoin is far easier to transfer and within reach of a far greater proportion of the population
– Bitcoin is also a scarce commodity limited to 21million coins in total.
– The poor people mining Gold hardly have a say in the main decisions being made.
Surely the fact that Bitcoin mining does not produce deaths or injuries in comparison to Gold should be a clear reason to switch to Bitcoin
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: optim123
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