Tag Archives | bitcoin vs. gold

Gold Vs. Bitcoin (3nd part)

For a good to be economically valuable it must be both useful and scarce (at least in a certain context). The utility is not enough: the air is not only useful, it’s absolutely essential, however, because it’s also abundant and ubiquitous – except for extraordinary circumstances – we do not assign an economic value to […]

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Gold Vs. Bitcoin (2nd part)

After more than five thousand years of use, the gold has endured. All the many technological advances in minting and extraction haven’t changed the essential properties that make this metal precious. Gold success owes largely to one of the attributes it shares with Bitcoin: its decentralized nature. No one can monopolize its production, or control […]

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bitcoin vs. gold

Bitcoin Vs. Gold

Large-scale monetary inventions are not exactly common. Thousands of years ago, the first individual to discover and make use of the gold monetary qualities didn’t imagine in the slightest the magnitude of the productive explosion this invention would trigger in the centuries to come. In fact, thanks to its physico-chemical properties, wide geographic distribution and […]

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