Friday, September 21, 2012
Bitcoin vs. Gold
James Turk and Félix Moreno de la Cova discuss the differences, but also the similarities between Bitcoin and digital gold currencies. James Turk's focus on the "tangible" aspect of physical metal currency. Bitcoin may not be a physical object that you can touch but it is much more tangible than fiat money in that it represents a real thing that has value. A bitcoin wallet consists of key pairs that are real things. They are numbers, information. But information can have real tangible value. Félix states, that the amount of minable bitcoins is limited similar to the amount of gold.