The idea of “digital gold” is probably the most creative idea that has ever come from Bitcoin Core (BTC), a distorted and neutered version of the original Bitcoin (see, BTC and Bitcoin, what is the real difference?).
First, the idea of “gold” has provided a very powerful and convenient attachment point for people who do not understand technology and economics. It is powerful because the analogy has a lot of truth in it.
Read more... The full content of this chapter is available in the two-volume book:
Bit & Coin
Merging Digitality and Physicality
Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
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Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)