There are a lot of ways that people talk about that Bitcoin is better than gold such as how easy it is to carry or move or hold ... unlike gold.
But there's another.
People often think that there's a fixed quantity of gold and therefore gold has an intrinsic value but that is not true. There is as much gold as people will pay to mine. So what that means is the more valuable an ounce of gold becomes the more gold appears on the market because suddenly it becomes more economic to mine more gold in areas that you couldn't mine goal before. We actually have no idea how much gold there is in the ground. We only know how much gold there is above ground but that amount is constantly increasing. So gold will always have more and more gold appearing the more valuable it gets which dilutes the value of gold which keeps it from getting more valuable.
Contrast that to bitcoin which every 4 years the amount of new Bitcoin that will become available becomes 1/2 of it what it was. Let me state that another way. Every year there is a fixed amount of new Bitcoin that can arrive. But every 4 years that amount goes down by half. This means you're more and more dependent on only the existing amount of Bitcoin that is already owned by other people which gets harder and harder to get those people to sell to you so the value goes up. So even when the value goes up, a bunch of new Bitcoin is not going to appear on the market. in fact every 4 years less and less new Bitcoin is going to appear on the market. This means the stuff that's already mined becomes more and more important and harder to get out of other people's hands that already own it and thus more and more valuable.
bitcoin has become a dominant digital network that is de-materializing money. period. You cannot tell people what to think. But you can tell them what to think about. So think about this: inflation is going up between 8 and 24 percent a year for the things people need; energy, food, equities, real estate (worth looking at anyway), bitcoin is the last category asset inflating in value at a rate even faster, at 25% per year. It is the scarcest of all assets.
buy it, don't buy it ..don't care. But eventually you will regret not having any. Never in the history of the world had it been possible to transfer value between distant peoples without relying on a trusted intermediary, such as a bank or government. Keep your fiat currency and your misguided ideas about money. billions of unbanked people all over the globe with build this new economy up around you
clymer -2 points 1.9 years ago
bitcoin has become a dominant digital network that is de-materializing money. period.
You cannot tell people what to think. But you can tell them what to think about. So think about this: inflation is going up between 8 and 24 percent a year for the things people need; energy, food, equities, real estate (worth looking at anyway), bitcoin is the last category asset inflating in value at a rate even faster, at 25% per year. It is the scarcest of all assets.
buy it, don't buy it ..don't care. But eventually you will regret not having any. Never in the history of the world had it been possible to transfer value between distant peoples without relying on a trusted intermediary, such as a bank or government. Keep your fiat currency and your misguided ideas about money. billions of unbanked people all over the globe with build this new economy up around you