Id argue scarcity itself is not the reason. My toenails are more scare than Bitcoin but they aren’t valuable. I’d argue the utility in combination with scarcity is what makes Bitcoin better than gold.

Yes, I agree. I’ve made this point before (below). That said, I think people give gold too much credit for its “scarcity.” Gold was only scarce because it was the scarcest thing we could monetize. Once that’s no longer true, gold isn’t scarce at all. It’s just limited by our tools.

I own BTC. This video is horse shit. Gold is great.

I said Bitcoin is better

on display: a failure to understand the monetary benefit of gold. the gold standard isn’t robust across the globe, across cultures/time/language etc, because supply is fixed. it is powerful and unbeatable because value is stable. if more gold is mined then more currency is created. “an oz of gold is a nice suit” meanwhile btc just swaps inflationary money for deflationary money. no price stability. challenging price discovery. most benefits go to the sophisticated and connected folks.

I’m sorry, but this might be one of the dumbest things I’ve read on this topic. Price “stability” comes from the relationship between money and goods. If the supply of money is fixed but the number of goods and services keeps growing, prices must fall. You want to own the scarcest money possible so that the goods in the market are in abundance, thus falling in price. That’s what bitcoin has done for me. Food, gas, electricity, housing, etc. has consistently fallen in price while I’ve adopted bitcoin as money. Gold’s “stability” was just a byproduct of slow population and productivity growth, not a magic property of the metal.

They used to say at the CBOT “supply meets demand” Not in Bitcoin it doesn’t

Exactly

How come these short clips are no longer being posted on YouTube? I love these trailers for the replay gang

My fault. I’ll upload em