Bitcoin’s original aim wasn’t to be a “digital gold”, says Ethereum founder.

tylerwinklevoss
2022-10-21 09:44:23

In an online bout on Twitter, Ethereum co-founder Vitalik Buterin and a Bitcoin developer Zack Voel exchanged their arguments for whether Bitcoin’s goal “was, is, and will be” digital gold...

Your opinion is greatly appreciated.

elandicaprio
2022-10-21 09:47:45

I do not think that bitcoin can be called digital gold and that it was created as digital gold. Bitcoin, like other decentralized cryptocurrencies, has very high price volatility. Digital gold cannot rise or fall sharply in value. The concept of "digital gold", in my opinion, should always be associated with constant value. Bitcoin's price swings from six thousand dollars to twenty thousand dollars and back do not allow us to talk about it as a digital gold.