#gold is the most distributed asset . Land and Equity being next two .. Art and #bitcoin - not even close
Indians and Chinese people hold among themselves more than 60,000 tons of gold .. not their Govs .. There is your argument if you are in it for the poor ðŸ˜
So you're saying poor people already hold gold... yup, checks out.
Yes .. and rich hold #bitcoin :-) ..totally checks out ..
Yes that's right, anyone holding bitcoin becomes rich. But only about 100 million people will be able to own bitcoin because of the limits on the UTXO set.
Luckily for humanity Bitcoin will break the central banking cartel that exists on currency debasement which will set humanity free.
#Bitcoin was designed to be "peer to peer" cash for the soverigns , corporations and rich wealth funds ... 100 million is all you need .. that is why it must be a public ledger ... #Satoshi got it right ..
The rich shall build layers of currency over #bitcoin .. some will be KYC .... some private ... as the use maybe .. but it doesn't matter ... if you hold #gold .. the poor peoples money :-)
Yes if you hold gold you will remain poor thanks to it's 2% yearly debasement. You also have to put it up your ass to transport it to places where the government is hostile.
Broken obsolete yellow rocks keep you poor, you got that right.
I have never lived in a place where gov is hostile - so never had to put it up my ass :-) - did you ?
as for deflation - #gold reached 190 million kilos in ten thosand years - #bitcoin recahed 19 million in less fifteen .. so will see what happens when miners stop mining for rewards get unsustainable .. and layers of bitcoin reduce transcations on base layer to bare minimum ..
In an impossibly rarr future - if the math and code holds up - it shall be ~21 million ... and #gold will be 210 million kilos cuz finding new gold is way more energy intensive .. the fact that AI and bitcoin offer far greater returns on per unit energy basis , will make is exponentially harder to mine gold .. and infact anything else ..
It is kinda self sustaining equilibrium - if #btc has more value - people will press for more #bitcoin .. there will be riots on the streets ..
if gold is more value , then they will mine the heck out of it ..
So 2% debasement is a naive argument ..
The idea that bitcoin's value going up will cause riots is absurd. You are suggesting that because your rocks are debaseable they are better, and that somehow a harder form of money will cause riots? Riots are cause by debasement of the currency. Something gold, but not bitcoin, suffers from.
Bitcoin is stored in your brain. Gold is kept in your butt. Enjoy your shiny yellow rock. Good luck.
Yes I lived in America for much of my life, under one of the most authoritarian governments on Earth today. But I didn't keep gold in my butt because I have bitcoin.
If miners stop mining then difficulty will adjust.
Nice table. You want to hold assets are that widely distributed and highly liquid. Gold is both.
I give zero fucks how distributed the ownership of an asset is as long as it's liquid.
