By vaga007 on Skatehive
For thousands of years, humans have used gold as a store of value. Later, paper currencies appeared such as the United States Dollar and the Euro. But with the emergence of Bitcoin, a new type of digital asset was introduced. 1️⃣ Ease of Transfer Let’s imagine the effort required with these assets: Gold: Difficult to transport and requires protection and storage. Paper currencies: Can be transported, but moving large amounts becomes difficult and risky. Bitcoin: Millions of dollars can be sent anywhere in the world within minutes using just your finger 😅. 2️⃣ Difficulty of Counterfeiting Paper currencies: They can be counterfeited despite governments trying to prevent it. Gold: It can be mixed with other metals or sold with inaccurate weight. Bitcoin: Extremely difficult to counterfeit because every transaction is recorded on the blockchain. 3️⃣ Scarcity Gold: Rare, but new mines can still be discovered. Paper currencies: Governments can print them whenever they want. Bitcoin: The max