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RE: OpenLedger - A Cryptocurrency Exchange You Can Invest In

in #crypto7 years ago

Gold actually has properties - you can use gold for all sorts of things. People value gold for the metal. Nobody values bitcoin for the bitcoin; they value it because they believe that they can exchange it for something else.

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99% of people have no ability to use gold in any capacity. It is only sought after and 'valuable' because they know the 1% of people know how to add value to it i.e. making jewelry or manufacturing. Gold is a store of wealth, not a currency.

Bitcoin actually has more properties of 'value' than the United States Dollar. There are only so many of them - they are finite. Dollars can be printed and created out of nowhere at anytime.