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volition /
npub13j3…9tpq
2024-09-03 15:14:24

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).
Author Public Key
npub13j3ytpun0z7ees4nuvpjl8yaw0c7eprpyxxw3sausp48szz62tpq6f9tpq