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> Gold will never be as measurably scarce. Even with Bitcoin we don't know the exact scarcity because private keys get lost. A wallet to which the private key
by bringtheaction 9y ago
> Gold will never be as measurably scarce.
Even with Bitcoin we don't know the exact scarcity because private keys get lost.
A wallet to which the private key has been lost is indistinguishable from the wallet of someone who is holding their funds because they want to save them for the future.
- rasengan 9y agoExcellent point. Still, we know that there is not more than a certain number; versus with gold there could be more or less than any estimate.