"The reason gold was used as money more than granite is no longer relevant." I disagree. Yes moneys are stories, but they are not arbitrary stories. The money-winners eventually emerge due to possessing very specific characteristics.https://twitter.com/TusharJain_/status/1009926106504400897 …
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Replying to @MustStopMurad
$ETH is aiming to be more usable *overall* not just as a dapp platform. Every blockchain is making a tradeoff in the scalability trilema. Pretending that$BTC isn’t is fooling yourself and others. It cannot exist as a global, decentralized, highly secure SOV w/out L1 scale.3 replies 0 retweets 5 likes -
Replying to @panekkkk @MustStopMurad
> "The money-winners eventually emerge due to possessing very specific characteristics" This of course suggests that gold emerged as winner due to its *intrinsic* props [like its malleability and conductivity] - not props bequeathed to it by human preference. A false assertion.
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Replying to @Dexter_Valkyrie @panekkkk
No. It's because it has the highest stock-to-flow ratio. Other people can't easily inflate the supply. This makes it great for wealth preservation.
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Replying to @MustStopMurad @panekkkk
There are other earth elements that are similarly limited in supply.
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It’s not just the scarcity of supply. It’s stock-to-flow ratio. Which is current aboveground supply vs. annual new incoming supply. Can you name another Earth metal that has a higher stock-to-flow ratio than Gold?
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