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> Gold is "issued" at a slow and predictable rate just like Bitcoin and was very stable when it was used as currency. The volatility in Bitcoin is because most
by micropresident 5y ago
> Gold is "issued" at a slow and predictable rate just like Bitcoin and was very stable when it was used as currency. The volatility in Bitcoin is because most transactions are speculation instead of real commerce, just like gold is today.
Oh really? Why does it go parabolic? Bitcoin issuance is nothing like gold. Gold supply responds to demand. The more people mine the more gold goes into circulation. With Bitcoin the more people mine, the same amount of bitcoin is issued.