Tuesday, June 4, 2019

Bitcoin is Heavier than Gold

It may sound strange at first, but an argument can be made that Bitcoin is heavier than gold. This is because Bitcoin requires computer equipment and physical space in order to exist.

It follows from this that an honest comparison between Bitcoin and gold must include the equipment required to keep Bitcoin alive, and when such a comparison is made, we get that Bitcoin is both heavier and more voluminous than gold.

Furthermore, the equipment required to validate the existence of Bitcoin has to be up and running. There is a continuous drain of energy associated with the very existence of Bitcoin.

Compared to gold, Bitcoin is big, clunky and demanding of energy.

Cryptocurrency Mining Farm.jpg

Bitcoin validation and processing units

By Marco Krohn - Own work, CC BY-SA 4.0, Link

No comments:

Post a Comment