Blockchain To Ensure ‘Ethical Provenance of Gold’, Protect Miners Health
The global luxury jewelry industry and the mining industry are exploring blockchain technology to improve efficiency, tracking of materials, and enhancing transparency. Most...
‘Buyers Will be Able to Verify the Origin of Gold’ -Innnovaminex CEO [Interview)
Bitcoinist spoke with Fernando García Sanz, CEO of InnovaMinex on their new platform that is applying blockchain technology in the physical mining of gold. Blockchain technology is...
Is Bitcoin Better than Gold? Part Three: Inflation
Most people consider both gold currency and Bitcoin to be deflationary currencies, given their fixed supplies. In the long run, this assumption mostly is true; once all the gold and...
Is Bitcoin Better Than Gold? Part Two: Trust
Trust is a component in both gold currency and Bitcoin, although working in two fundamentally different ways. With gold, trust is almost always required, be it in mining, minting, or...
Is Bitcoin Better than Gold? Part One: Transaction Costs and Centralization
In many ways, gold and Bitcoin are similar. They are both scarce; gold is scarce by nature and Bitcoin has scarcity coded into its protocol. Gold and Bitcoin are divisible; gold can be...
Bitcoin Mining vs. Gold Mining: a Comparison
In the ongoing discussion about Bitcoin price volatility, one theory for a rapidly falling Bitcoin price is the fact that so many coins are mined every day. Currently, Bitcoin miners...