Gold isn't scarce. Bitcoins scarcity is defined by math and energy.
Discussion
Gold is scarce. Extraction levels are roughly 1oz per 1ton of ore extracted. That's a LOT of work and cost. That creates a annual yield of around 1 to 2% p.a.
Bitcoin's scarcity was arbitrarily hardcapped by Satoshi at 21 million whole coins, subdivision of 21 quantillian satoshis - enough for everyone in a p2p electronic cash system.
It's a human hard cap and thus can, and has already been, changed in other chains i.e. Litecoin
The math and energy is just the mining difficulty. What, you think excavators come for free? Back to work MyPath you have ore to extract!
what's the difficulty to do the work?
China found deposits too. They even created gold in the Large Hadron collider but that requires immense work.
You see, when we speak about Gold we talk about purity of gold, fine gold. Deposits around the world vary- South Africa has some of the finest gold coming out the ground at 99.98% purity, other places, 10%, 30%, 2% etc. and then on top of that there is the oz/tonne of ore after processing and refining.
It's a hard, cumbersome, capital intensive process.
Also, adding to the Gold supply is not bad at all, it means there is economic growth at a flat 1% or 2% per year if it is the case. More gold to go around means more developments
You were all about scarcity, now you shifted to gold's purity. Please be clear on which aspect you're interested in discussing. ๐
it's the same thing. This is the problem when you don't understand these things, you think I'm shifting the talking points but you don't realise it's part of the same mechanism.
1-2% per year.... Yeah right.. ๐ https://video.nostr.build/6a0b56ff56d549249b5af10a6d29e09fa11933d8c24def0320d9828e0b9a17d3.mp4
bro imagine ๐ญ
yeah, you must consider the cost to extract/process/refine/market aka the total mining difficulty. Yield are around that generally, some years more, some years less.
Gold not transferable, verifiable, divisible.. basically useless as money. 
btw gold is immutable, so irrespective of what happens - nuclear winter, emp blasts, the second coming of our lord and saviours - whatever
it'll still be around, it'll still be valued.
12k years of history is nothing to scoffed at. The US only moved away from this like 70 years ago... but that's another conspiracy for another day.
I agree ๐ฏ. Gold isn't going anywhere, it will remain a store of value into the future and Bitcoin isn't going to devour it.
Bitcoin will devour most of the other monetary premiums in the market, like housing, bonds and stocks etc.
yeah and that's where I think the core devs see the value in on-chain data I guess. One only sees memes and jpeg spam, others see smart contracts or mortgages etc.
but then again, it's just taking off one wheel and putting on another, what changes? you replace fiat with bitcoin and still do fiat things, but just with bitcoin?
This is what I'm not having a hard time getting over since I realised this
Like all things, power and money corrupt absolutely. The new Core Devs don't have a big stack like the earlier ones so are poor (relatively) and incentivesed to corrupt the code for money.
If Bitcoin/Hard money replaces fiat, (it probably won't - people are addicted to free money), you can't do fiat games with it. You can only spend once - the same as gold. All this imaginary wealth the boomers have built up evaporates. The stock market, housing bubble.. it's illusionary wealth. That's what you are missing. Wealth accumulation goes to those who work (pow). Those shitty jobs no one wants to do, get some because they earn the most.
Letโs see what happens with this upcoming Fort Knox audit. Any negative feedback could push more and more gold bugs to switch to a commodity that gets audited every 10 minutes. I wouldnโt say gold is going to be completely devoured by Bitcoin, but it will lose a few limbs.๐ฆ
Yeah, gold has completely failed as money. But it will still survive due to it's physical nature. Good luck to those moving across borders though, that will hurt up your anus. ๐
But tasty! Canโt eat code.
Bitcoin isn't scarce, it's fixed. Bitcoins cap hasn't been changed, it's still 21M. Litecoin isn't Bitcoin.
There are like 30 bitcoin versions out there - lol
"give me the actual number"
GPT: "There have been over 100 Bitcoin forks total, but only a handful (under 10) have any real relevance or market activity today. Most are dead or inactive."
You know a forked chain becomes a new chain? Or how do you figure Bitcoin's supply has changed?
Meanwhile gold: 
yeah I know this but the only thing stopping people from switching to another fork or node is what principal exactly? loyalty? cultism?
Already you people are moving from core to knots. 2017 was another whole thing that happened that i'm still catching up on. Sound money on the fragility of the developers is not an investment risk I want to carry tbh.
I honestly see sats as a payment in gold. tokenised digital gold.
You tell me what stops people switching from Bitcoin to something else? What's stopping you from adopting Bitcoin? You have more trust in fiat?
risk
The biggest risk is to stay in fiat.
https://video.nostr.build/60cf3741f4b58380dd2925d5ddcc18dadb27cd4b86e2dd75ce6cd3680ad4f7dc.mp4
