same goes for gold. proof of work systems are unintuitive. the value is determined by average investor time window and whether or not the network is growing s

same goes for gold. proof of work systems are unintuitive. the value is determined by average investor time window and whether or not the network is growing slower or faster than a certain rate determined by that time window. people buy gold with the intention of later selling it to someone who also wants to buy it so they can sell it later. why does anyone bother? because there is demand for transporting value over time. gold supply is low, the investment window is long, and the number of people who wish to store value for a later date is increasing. the investment window for bitcoin is unknown.