Bitcoin is often called “digital gold”. The comparison is obvious: both are scarce, neither is issued by a government, and many people see both as protection against the devaluation of money. But there are important differences. The similarities - Scarcity: Neither can be multiplied at will. - Independence: Neither gold nor Bitcoin is anyone else’s debt. There is no debtor who could default. - Mining: Gold is dug out of the earth, Bitcoin is “mined” through computing work. In both cases extraction costs energy and effort. The differences - Supply: The amount of gold grows by about 1.5 to 2 …
Bitcoin news · Bitcoin price & halving · Bitcoin for beginners · Glossary