mad0perator on Nostr: It is difficult to assess. Gold has a longer history of durability and it is ...
It is difficult to assess.
Gold has a longer history of durability and it is commodity money. But it requires much overhead maintenance and acquisition costs and has arbitrary inflation controlled by a small cartel
Bitcoin requires virtually no acquisition overhead or maintenance costs and virtually no inflation but it is a hard fiat but we are depending on the maintenance of coders to maintain its durability via cryptography
Gold has a longer history of durability and it is commodity money. But it requires much overhead maintenance and acquisition costs and has arbitrary inflation controlled by a small cartel
Bitcoin requires virtually no acquisition overhead or maintenance costs and virtually no inflation but it is a hard fiat but we are depending on the maintenance of coders to maintain its durability via cryptography