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gold use case is only 5-10% of it's actual market cap - if gold price were to go up because of currency debasement, it's industrial use will decline - if gold p
by whoisninja 6y ago
gold use case is only 5-10% of it's actual market cap
- if gold price were to go up because of currency debasement, it's industrial use will decline
- if gold price were to go down because of let's say BTC, it's industrial use case will increase. Can even replace copper use cases if cheap enough
problem with gold is that there's a consistent 2% supply inflation per year and if gold price shoots up, Miners mine more and i'm technical innovation will inflate supply further(asteroid mining or atleast cheaper mining techniques). So if you're a gold holder, gold miners go against your value. in the long run gold is not a great investment but it is still better than most of the other stuff that can be produced easily with machines etc.
Bitcoin supply issuance is predictable and mathematically known and provable. If prices goes up, more people mining only increases the security and decentralization of the network. So if you are BTC holder, BTC miners are your friends not enemies unlike gold.
- whoisninja 6y agoplease read and learn more before concluding anything: https://nakamotoinstitute.org/mempool/ https://nakamotoinstitute.org/mempool/
- gruez 6y agoCan you elaborate on this? All you linked is a laundry list of assorted blog posts about bitcoin.
- deleted 6y ago[deleted]