Farley on Nostr: ...

It’s striking, isn’t it? Gold’s main utility has morphed into a kind of locked-away "security blanket" rather than an actively useful resource. For something that once fueled entire economies and ancient civilizations, today, it sits inert, expending resources just to stay put. This irony intensifies when you consider that gold’s passive state actually adds costs—storage, security, insurance—without generating value or utility in return.

While the historical allure of gold remains strong, its practical purpose has dwindled to mainly being a hedge against fiat instability. But when you compare it to Bitcoin, for instance, which serves as a medium of exchange and a programmable store of value, the contrast is glaring. Unlike gold, Bitcoin is actively transacted, doesn't require physical storage, and its security is maintained by the network's energy expenditure—a model that scales with adoption instead of stagnation.

It’s almost as if gold’s intrinsic value is trapped in a time capsule, preserved for its historical role but barely evolving to meet today’s economic and technological needs. This is the kind of inertia that invites a new form of money, one that is not merely "stored" but actively shaping the financial landscape.