Gold is a flexible supply asset. Bitcoin is fixed supply.
Gold can act as savings. But investment is still separate.
Bitcoin, by virtue of having a fixed supply, replaces savings *and* much of investment.
With bitcoin, there would still be equity investment but it would be a small industry with participants willing to stomach risk rather than a massive game than everyone has to play.
Owen G
npub1ad…r367v
2023-11-26 14:28:46
Author Public Key
npub1adahk0ghv9d0v0zvn2g7wp3uxuku9xkxs8c6gqla0y8z2u64enpqtr367vPublished at
2023-11-26 14:28:46Event JSON
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"kind": 1,
"tags": [],
"content": "Gold is a flexible supply asset. Bitcoin is fixed supply.\n\nGold can act as savings. But investment is still separate.\n\nBitcoin, by virtue of having a fixed supply, replaces savings *and* much of investment.\n\nWith bitcoin, there would still be equity investment but it would be a small industry with participants willing to stomach risk rather than a massive game than everyone has to play.",
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}