Gold's scarcity is only a temporary side affect of us not having cheap enough rocket technology for mining gold from asteroids to be profitable.
Bitcoin is the only asset with an actual fundamental supply cap and is therefore the best long term store of value and sound money.
@Ancap @StopAndDecrypt @pierre_rochard @giacomozucco @_Kevin_Pham @Bashco @nvk @Francispouliot @Ragnarly @mattodell @dandarkpill mhm... i would argue that it does. If the supply is determined by an objective line of code it can be accounted for... if it is subjected to a human, then i agree with your position.
@AlexAnarcho @StopAndDecrypt @pierre_rochard @giacomozucco @_Kevin_Pham @Bashco @nvk @Francispouliot @Ragnarly @mattodell @dandarkpill and in the event of gold being mined from asteriods, it is subject to humans making arbitrary decisions and not objective code. Also, say there was a crypto with an 70% inflation rate (hardcoded). That crypto is still completely un-usable as a money and is definitely not a sound money.
@Ancap yeah, i totally agree there. the inflation rate - if it exists, has to be fairly low (less than 10 % for sure, pulling a number out of my behind...)
I am a big fan of the monero project and i think the static inflation of the tail emission is not a problem. hence my argument.
but you brought up valid points and i have to revise my position.
good money is:
1. durable, 2. transferable, 3. divisible, 4. recognizable, 5. fungible and 6. SCARCE.
Bitcoin Maston Instance