Yeah i agree on the scarcity thing, just one property of many that helps it be good money.

And platinum is better than gold at most of the things gold is good for, less reactive, more resistant to degrading, similar conductivity properties with more heat resistance. Yet platinum was never the most used form of money.

Gold had already established itself as money before platinum had a real chance. Even though platinum is more scarce than gold and has some better qualities to be money than gold, it wasnt able to overtake gold because gold was already established.

Something better than bitcoin may come along, better at being money, but it will likely not be able to compete with bitcoin's network.

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PGM's have their industrial use cases but it's not correct in saying it's more resistant to oxidization or conductivity. Whilst, PGM's like chrome are used for stainless steel for example, it requires a rather cumbersome process and demand is low.

Gold is where it is because it's pooled to the top over 12500 years at the very least. PGM's are fairly new, and it's use cases like cathodes for ICE cars are also within the last century.

PGM's have a lot of value too - but we're comparing 12500yr to 125yr cycle - I mean, to be fair, 1980's saw the start of the PGM markets, prior to that the demand/use case was very low. It also looks like silver so this is why Gold is gold.