Bitcoin Is NOT A Replacement For Gold And Is More Dangerous Than Cash

Bitcoin Is Just A Bit Player by David Smith, Originally Published on Money Metals Exchange

Over a final few years, supposed “crypto-currencies” – digital equivalents of a financial sell unit, have been all a rage. The many obvious in a category, Bitcoin, has had utterly a run.

Starting out as a “virtual penny stock” it rose in 2014 to a towering tallness of $1,150, before crashing behind to earth. This “electronic currency” is combined and stored in a computerized “wallet.” Purchases and sales are done around a “blockchain” that keeps a memory of each transaction conducted. Private keys (supposedly) yield declaration that a Bitcoin holder’s comment is safe.

Bitcoin Bitcoin
Warning: Bitcoin is NOT a discernible asset; we’re usually regulating this picture since it’s pretty!

In reduction than 3 years, dual seminal events have served to give bitcoin users financial heartburn. They give Inquiring Minds (readers of this column?) a critical reason to put on



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