Bitcoin maximalism sounds like contradiction - literally same arguments for SoW may be applied to gold, yet people aren't buying gold and causing hyperinflation in well managed economies...
@MustStopMurad
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Replying to @kacperwikiel @MustStopMurad
Governments own nearly the entire global supply of gold. They can fractional reserve it. Gold is no longer gold. This is not a concern on Bitcoin. It’s a completely different animal.
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Replying to @CantHardyWait @kacperwikiel
Actually they only have somewhere between a fifth to a quarter of it I believe. Otherwise agreed. BTC doesn't suffer from Gold's centralization-in-vaults, seizability, censorability, divisibility and even inflation problems:) making BTC potentially achieve what Gold couldn't.
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Most important feature really is the ease of physical delivery. The impracticalness of physical delivery of gold makes the corrupt paper market possible. There is too high risk of a call for delivery of BTC for a huge paper market to form......
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well noted
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