Gold vs. Bitcoin? The Greatest Rivalry of the 21st Century
Gold. The name itself is synonymous with wealth, status, precious value, and the pinnacle of all commodities extant. So much so that 98% of the world's population has never seen gold outside of the random necklace or bracelet of questionable actual content. Its scarcity, and elusiveness are legend. Thus, its incredible perceived value. Is Gold destined to reign forever, in a class of one, as the be-all-end-all of desired assets on this planet? Maybe. Maybe not. Gold vs. Bitcoin. Times are changing and changing fast! The Internet Age has brought about a new competitor, also unseen and felt....
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One of the great things about cryptocurrency is that it cannot be counterfeited. All currency in the system is known to all holders at all times. While the theoretical 51% attack might allow a bad actor to deny transactions ever took place by not confirming them and possibly spend the same coins twice, this is not the same thing as someone with the right equipment being able to arbitrarily manufacture as much of the currency as they would like. Also read: Gold vs. Bitcoin? The Greatest Rivalry of the 21st Century. A good reminder of this fact came when the Times reported on the 24th that a....
What can a sixth century game teach us about 21st century money? A lot, apparently.
An Australian bitcoin exchange - 21st Century Bitcoin Exchange - is soon planning to launch the first bitcoin ATM in the land down under, in Melbourne, according to a report published in Business Insider. "With Bitcoins revolutionising traditional monetary transactions, Australia-based 21st Century Bitcoin Exchange is the first company to set up a Bitcoin ATM in the country," said the company in a statement on the matter. In addition to launching the first bitcoin ATM in the country (details on this element specifically are few), the company is reported to soon begin discussions with....
El Salvador, the country which made bitcoin legal tender, has purchased 21 more bitcoins to celebrate “the last 21st day of the year 21 of the 21st century,” President Nayib Bukele announced. The country has bought about 1,391 bitcoins altogether. El Salvador Buys More Bitcoins El Salvador’s President Nayib Bukele announced Tuesday that his country has bought more bitcoin. His announcement began with a tweet that reads: “El Salvador’s entire size is 21,000 km2. Coincidence? I don’t think so!” He followed up with a series of tweets that....
Mass adoption of bitcoin is just a matter of time, and as the world faces that fact traditional financial institutions are warming up to the digital coin. Deutsche Bank analyst Marion Laboure has stated once more that Bitcoin could become “the 21st century digital gold,” but does not it as a reliable store of value […]