You are viewing a single comment's thread from:

RE: Gold vs Bitcoin which is better? [An alternative view]

in #bitcoin7 years ago

An interesting comparison
I appreciate what you to write.
I want to supplement this with you this: In some countries, such as Vietnam, the buy/sell of gold is limited by countless regulations. The government does not want people to keep gold, but cash. And cash will lose value 10-20% per year, this has happened many times, a way of fleece. Perhaps this is also the reason that Vietnamese people are very interested in crypto.

Sort:  

That is a very interesting perspective. Do you not think those countless regulations will soon apply to crypto? In other parts of the world the regulation is coming to bring crypto into line. What you think will happen if the government strongly regulates crypto in Vietnam? Would it still have an attraction or use?

I am sure governments will have to find a way to manage crypto. But it will take a long time to get a complete frame. Anyway, crypto & gold have one thing in common where the user chooses them instead of legal money. The point is that the government can not create inflation at their will.