5) What do you mean “unit of account”??? Once again, Gold was a fine unit of account for millenia. I would even argue it is an even better unit of account than fiat, when monetized. I don’t see your point.
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You don’t need a sudden mass conversion. All you need is a gradual leak from fiat / other SoV-instruments into BTC. Precisely that has been happening since BTC’s inception, for 9 full years.
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Gold is only produced when two neutron stars collide. The gold plated Voyager records will last a billion years. If we come across a friendly alien civilization, we would trade in gold. It is universally scarce. BTC is scarce in a networked society.https://www.smithsonianmag.com/science-nature/all-the-gold-in-the-universe-could-come-from-the-collisions-of-neutron-stars-13474145/ …
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