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RE: How often are physical gold bars transferred everyday? My guess is that Bitcoin can do quite a few more transfers per day. Bitcoin has better fundementals than a $7.5 trillion market. Once bitcoin overtakes gold's value, each bitcoin will be $350,000+
Bitcoin has it's advantages sure but a cryptocurrency backed by the intrinsic value of gold is the best of both worlds as I've just blogged about a couple of hours ago
Not true my friend! BITCOIN is the DIGITAL GOLD! Pegging and proxying is BAD
Bitcoin is hyper unstable so it can be good and bad but a stable coin that grows in value with less fluctuation brings security to those who use it. Bitcoin also has it's fair share of scammers trying to rip people off just as been seen. Bitcoin will always be the first and possibly the biggest but it comes with inherit risks that far greater than most investments even though it's mean to be a payment platform and not an investment.
Not sure what you mean by pegging and proxying mate care to explain?
Not true my friend 1 Bitcoin = 1 Bitcoin
Volatility comes from Scarcity, High Liquidity (easy transfer), Easy BUY and SELL Orders in the hands of the whole world not like the case of Gold or whatever...
Dont look at its price vs. Fiat
It is the Hardest Secure Digital Unit Of Scarcity Ever Created and Agreed On (Network Consensus)
Pegged is like a Backed, You may pegg to Bitcoin Or Gold, but this kind of pegg is a CENTRAL Controled Shady Operation. A BAD ONE