i think this is a myth-'gold was just so good lots of ppl began using it-then more!' ill again note if BTCs wp was a SoV system that it would sound like a scam. gold was money bcs kings decreed it-like states decree money today-4 the purpose of being able to collect taxes in it!
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Replying to @igobyplane @steviezollo
Gold was chosen as money before it had the highest stock-to-flow ratio of all objects in the world Bitcoin’s is even better. Read “The Bitcoin Standard” by Saifedean Ammous
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people prefer their cash to be price-stable BTC isn’t going to be even mildly stable before its saturated as a SoV
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Replying to @MustStopMurad @steviezollo
y would i use bit as SoV when it's massively volatile w/little utility beyond speculation, & when i have access to usd &gold? who is using it as a SoV? everyone expecting it 2 make them rich-purpose of SoV is 2 prevent loss of purch power-not make u rich-keep u from getting poor!
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Replying to @igobyplane @steviezollo
do you think Gold was perfectly stable 9 years into its discovery?
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Replying to @MustStopMurad @steviezollo
i still don't see the case for the store of value only/first story at all - still sounds like a scam. why would i need it if USD and gold are available? with greater stability and history as SoV, particularly gold?
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Replying to @igobyplane @steviezollo
it’s all about the rate of printing. USD supply expands at 6.2% per year while Bitcoin is already 3.8% per year and going lower every 10 minutes (and sharply every 4 years). The fact that no one can ever print more than 21,000,000 Bitcoins makes them very precious. BTC > Fiat.
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Gold is around 1.7%, by the year 2028 BTC will be even lower than Gold. ***This is the most important aspect***
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DM me your email and I’ll send you a book about all of this :)
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Replying to @MustStopMurad @steviezollo
you only have tweets, even after following i don't appear to have the ability to DM you directly.
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