Bitcoin needs Gold. Gold doesn't need Bitcoin

6 hours ago 1

Bitcoin needs gold. Gold doesn't need Bitcoin TL;DR: Bitcoin is a protocol that runs on computers. Computers rely heavily on electronics. Gold is widely used in electronics. Bitcoin depends on gold. Bitcoin quite literally runs on gold. ≈99% of physical machines hosting Bitcoin nodes contain at least trace amounts of gold. The same is true for the overall electric grid infrastructure that delivers electricity to Bitcoin nodes. While gold isn't strictly required for electronics, it's widely used to due to organic demand. Gold's ROI in signal connectors is very strong, because you need little gold to mitigate a large amount of failure risk. All of this is due to the unique chemical nature of gold, which alongside its scarcity is at the base of gold's intrinsic value. Gold is a chemical element in the periodic table - its atomic symbol is Au. Physical gold is essentially Au atoms connected to other Au atoms in a cubic pattern. This structure is very stable, and at the same time soft/malleable. Gold is used in electronics because it provides stable, low and predictable contact resistance and corrosion immunity at low currents/voltages, including under vibration. Electronics is of course just one of the use-cases of gold. Among others, it has been used as money for more than 5000 years. Even if Bitcoin does become money in the future, it won't be the only form of money (plus, you can always tokenize gold!). And especially not for the near long-term future. Digital currencies are at their infancy, and they almost always depend on stable electrical grid and network connection to function properly. This includes Bitcoin. Gold doesn't have this risk. It was used as money before electricity and networks existed, and it can continue to be used alongside them This is not to say that Bitcoin is a bad idea, but gold has a higher intrinsic value by definition

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