volition on Nostr: Bitcoin compared to gold. Bitcoin: - Scarcity (hardness): 21m coins - Durability: ...
Bitcoin compared to gold.
Bitcoin:
- Scarcity (hardness): 21m coins
- Durability: Does not erode
- Portability: Globally transferable in minutes
- Recognizability: Easily confirmed by the blockchain
- Homogeneity: Every coin is essentially the same, noting production rarity and artwork can affect value (Ordinals).
- Convenience: Readily divisible and measurable.
Compared to gold, Bitcoin is superior in scarcity (new gold can be found), portability (heavy, difficult to transport distances), and convenience (hard to divide).
Bitcoin:
- Scarcity (hardness): 21m coins
- Durability: Does not erode
- Portability: Globally transferable in minutes
- Recognizability: Easily confirmed by the blockchain
- Homogeneity: Every coin is essentially the same, noting production rarity and artwork can affect value (Ordinals).
- Convenience: Readily divisible and measurable.
Compared to gold, Bitcoin is superior in scarcity (new gold can be found), portability (heavy, difficult to transport distances), and convenience (hard to divide).