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Bitcoin vs. Gold [Infographic]

03 Sep

Bitcoin, a virtual peer-to-peer currency stored in a digital wallet. It, quite literally, gives gold a run for its money. But how do we get bitcoin? We all know that in order for us to have gold, it has to be mined. Similarly, bitcoin is created or “mined” by people who process transactions, and secure the network using specialized software. There’s also a cap to how many bitcoins can ever be mined, which is 21,000,000. And we have no clue how much actual gold is in the world.

Bitcoin is on the rise, people. Lock your doors. Stockpile bags of beans and rice in your basements. Take everything made of gold and throw it out on the front lawn. The storm is brewing…

bitcoin-vs-gold-infographic

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Posted by on September 3, 2014 in 2014, Lifestyle

 

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