random morning thought: technological progress in bitcoin mining is security-enhancing rather than unit-dilutive. on the other hand, gold has no difficulty adjustment mechanism or terminal supply cap, so technological progress in gold mining is inherently supply inflationary. think about it for a second from the perspective of exponential growth in technology.
$100 in gold weighs less than a $100 bill.
$100 in #bitcoin weights almost nothing
Think about that…
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