Gold Bits coin is a trending crypto with Real Gold Backing. It can make you achieve the experience of the best of both Worlds: Trending crypto and the security of the real gold. With Gold Bits Coin we can have our each and every coin that we have purchased to be backed by real gold.

Gold Bits Coin (GBC) is a partially (15%) gold-backed peer-to-peer currency that is used
for settlement of value and allows assets to move digitally without the need for a financial
institution. By creating a token that has real gold backing we have created a currency that
has the best of both worlds – gold’s old-fashioned stability, and blockchain’s technological
capabilities.

The world today feels like it’s becoming more disjointed and uncertain than ever. Financial
shocks and geopolitical crises become ever more frequent, while simultaneously new
technology such as the blockchain allows us to peer into a more prosperous and transparent
future. With all these changes at play, we feel that people, organizations, and governments
deserve a currency that hedges against this uncertainty. A currency that will have a reliable
value in times of crisis and instability.

This is our vision behind creating Gold Bits Coin. It is one that is shared by an increasing
number of economists and financial experts who see the global benefits of a major currency
partially based in the security of gold.

Gold Bits Coin also has several other utility functions built into the token. For example,
there will be a list of projects inside the GBC platform that token holders can vote to
allocate GBC funds towards. These projects will be high-quality investment opportunities
that have been verified by the management team. Once a project receives a certain
percentage of votes from the community the project receives investment from GBC. More
on this can be found in the voting section of this Whitepaper. To help manage these
investments the Gold Bits Coin team has strong experience in fund management and
financial planning. They have worked at companies such as Macquarie, AMP, ANZ, and
Westpac.

One of the most exciting aspects of Gold Bits Coin is its potential usability as legal tender.
We believe that cryptocurrencies and governments can not only co-exist together but can
serve to empower and make the other better and more efficient. The implications of this are
profound: the implementation of GBC as a recognized national currency would provide
governments with increased international capital inflows and help eliminate the losses
incurred by counterfeit currency.

 

 

 

 

====

This is a guest post/opinion piece and should not be construed as financial advice, or an endorsement by us. 

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What does it take for Bitcoin to achieve mass-adoption?

CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

What does it take for Bitcoin to achieve Mass-Adoption?

The biggest obstacle for Bitcoin right now is, that so few people use Bitcoin. But why do so few people actually use Bitcoin from a day-to-day basis? Well, the answer is, because so few people use Bitcoin. That might sound a bit confusing right away, but I will explain myself.

Bitcoin has the obstacle to overcome, same as Facebook. Facebook became so valuable, because literally every friend of yours, and their parents where using it. If no one used Facebook, then I really doubt it would be nearly as valuable to humanity as it is today.

The same exact thing also applies to Bitcoin. What makes money valuable, is the fact that you can pay anybody for anything with it. Good luck paying your local supermarket in Bitcoins. It just doesn’t make sense to do so.

This is also called the network effect. It sates, that a system is only so valuable, as the number of people using that system.

So, let’s dive into the 3 deciding factors, that must happen for Bitcoin to fully achieve mass adoption.

First, of course, is the support by a big corporation or even country. For example, if a big company like McDonalds starts to accept Bitcoin, then people would be more inclined to make purchases with Bitcoin. This makes total sense, because why would anybody adopt the usage of Bitcoin, if you couldn’t make any real-world purchases with it? Exactly, it doesn’t make any sense whatsoever.

The first point was pretty obvious, so let’s look at the other deciding factors, that are crucial for Bitcoin to be mass-adopted.

Did you actually know, that a third of the world’s population, 2,5 million adults to be precise, do not have access to the banking system? Yeah, what people in the first-world countries take completely for granted, isn’t all that common all around the world: A bank account. On the other side, many more people in these third-world countries do have mobile phones, but no bank accounts. So, what if all those people start using Cryptocurrencies, like Bitcoin, for their online and day-to-day transactions? They could skip the traditional banking system and directly buy and sell Bitcoin from their smartphones. If one third (or even less) of the world population starts to use Bitcoin, it will gain world-wide recognition and overtake any other currency.

The third scenario that could happen, is that a major economic collapse or abuse occurs. When this happens, lots of people will want to transfer their wealth to something that isn’t dependent on any country or government, but is universally accepted in every country of the world. There aren’t many options for such things. One of these things is, gold. And the other could be Bitcoin, which I see as the digital version of Gold.

I hope we will never have to experience such a catastrophic event in our lifetime, but it sure is a positive thing for Bitcoin, since lots of people will adopt it.

These are all the point I could think of. Thanks a lot for reading and have an awesome day! Visit me at flashipcrypto.com for more Crypto-article?