To your original point, Gold is 7-9T but you don’t use it as currency at the supermarket.
It being superior to Gold in 5 out of 6 ways, is enough to justify PROBABILISTIC SPECULATION than it might replace it... enough of these Speculators and it becomes true.
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Murad, if you don't see the difference between gold and digital commodity - I can't help. I can't put complete economics neither in 280 characters, nor 2800 characters.
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Gold has near-zero intinsic value as a non-monetary good. It’s just social consensus. I don’t see your point.
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Digital commodity ≠ gold. The intrinsic value of gold ≠ valuation of a digital commodity. Digital commodities are not scarce. Deflation ≠ scarcity.
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In a longer run, valuation of any digital currency/commodity will completely depend on their usefulness (not usability) as a mean of exchange. Economics don't work on make-believe or let's pretend. No matter how hard you try to believe or pretend that they work.
End of conversation
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