#Bitcoin is now twice as scarce as #Gold.
Discussion
How do you factor that equation?
Stock-to-flow ratio
So if something has a higher stock to flow ratio it’s rarer? It would take 66 years to replace the existing supply of gold?
Rarer to produce yes
So, this is where I must have a gap in my knowledge. If you it takes 66 years to replace the existing supply/stock. I would say you have a lot of supply/stock. Which doesn’t have anything to do with scarcity or rarity.
When I look at stock to flow ratio all I see is how quickly can the asset get diluted. 66 years would take multiple decades to dilute the existing stock.
What am I missing?
Bitcoin is a trillion times more scarce than gold.
I have yet to see even an ounce of Bitcoin.