Many have associated Bitcoin with gold, and now it is popularly known as digital gold. Why Gold?Gold has been used as money or a store of value for more than hundreds of years, and it still maintains a special position among all the assets. It has retained its value throughout this time because of scalability across space and time.Chemical properties of gold allow it to be almost indestructible, making it salable across time, and its rarity allows it to store a large value in fewer quantities, making it salable across space. A limited supply of gold and the complexity involved in its mining gives it a high stock to flow ratio, making it a good store of value \u2014 A safe Haven.Even today, after the world has rejected the gold standard, central banks have stockpiles of them reserved because of gold\u2019s high purchasing power and it is only actual money, everything else is just credit.When the world was under the gold standard, banks issued dollar bills that represented gold in their storage. But as the demand for money kept increasing to fund wars and to make weapons, more and more money was printed, more than the available gold. This led to a decrease in the purchasing power of the money and gold became more and more expensive. While gold retained its value, money was depreciating in value.This is the problem with the current system of money. The government can print as much money as they like for negligible cost and it is the citizens who face the harshest consequences.With the advent of the internet, anyone can be connected to anyone in the world. This technology made the blockchain, decentralized network, and Bitcoin possible.Bitcoin is a cryptocurrency in a peer-to-peer decentralized network that stores the record of all the transactions ever\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Many have associated Bitcoin with gold, and now it is popularly known as digital gold. Why Gold?Gold has been used as money or a store of [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3179"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=3179"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=3179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=3179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=3179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}