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by diegocerdan
1246 days ago
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> The common belief of worth is where similarities between bitcoin and gold end
Sure, it's also enough. > You call bitcoin a SoV but further down describe it as a form of money.
The primary functions which distinguish money are as a Medium of Exchange, a Unit of Account, a Store of Value: https://en.wikipedia.org/wiki/Money > I'd like to read a bit more about what defines "better" in your opinion.
There is definitely a list of features but I would argue that being hard money is the most important feature. Meaning hard/sound where the nominal amount of money does not change. Bitcoin in definitely hard but Ethereum does even better by being deflationary. As network transactions are slowly reducing the total amount in circulation. Other nice features of Bitcoin/Ethereum vs Gold/Dollar are: digital, non-seizable and no third party risk. |
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