Bitcoin is a far superior asset to gold. Gold’s only value lies in its historical legacy, a relic of the past. It’s nothing more than a primitive metal in the age of ai.
Discussion
Hardly. It's still a scarce and uncontrollable commodity. When it starts being mined from asteroids it will be less scarce but even then, still scarce enough to have some monetary properties. It's just inferior to Bitcoin.
My handwriting is also very scarce.
Could be considered a collectible by some and have monetary properties. Autographs are a whole industry. You're helping my point. Bitcoin is THE money. All others are various side moneys.
Well yeah, you got my point. Being scarce isn’t enough to have monetary value, especially in the modern world. 5000 yrs ago ppl didn’t have technology or financial infrastructure, so they created value from a rock. Gold's monetary value should be zero in the age of ai.
I don't think it's all black and white like that. Gold is still cool to collect, and used in industry. And by age of AI, do you mean age of general AI?
sorry, it doesn’t belong in the digital world. yes, its conductive and corrosion resistant properties make it useful in some industrial cases, but that’s about it. and i have no issues with that. my problem is with it being treated as a store of value which bitcoin will replace eventually.
Maybe I was taking you too literally. I was treating this as an is statement rather than an ought statement.
Good luck paying with exact change using gold.
It completely fails as a medium of exchange. You'll almost always pay over spot to buy it and receive under spot to sell it.
Assuming you don't get swindled by a chunk with a tungsten core.
It’s just an ancient rock, nothing special about it, except being used in some tacky jewelry.
Total agreement.
#Bitcoin is an asset much higher than #gold.
It is not about replacing, or dismissing the millenary hierarchy of gold, they should simply coexist together.
And people 👥 should arrange to identify because Bitcoin is better and much superior to gold.
In my opinion, gold shouldn’t even exist anymore. It’s a relic from the ancient world, mostly used to make some tacky jewelry. It should have no monetary value in the modern world.