Gold and Bitcoin also hedge against inflation, never pay negative interest, and when held directly are not subject to haircuts and do not depend on strangers keeping their promises.https://twitter.com/Schuldensuehner/status/1158283652733788167 …
-
Bitcoin is better money than both gold and silver as its use case is singular: Bitcoin is money. Bitcoin is arguably not used in manufacturing processes. This lack of utility beyond its purpose should keep bitcoin at low correlation levels to other asset classes and sectors.
Perhaps. I tend to think such factors are not as important as some economists make them out to be.
-
-
What are the important/under-understood factors in your view?
-
For silver, assayability (and its counterpart, counterfeitability). Industrial revolution counterfeiting tech killed retail use of gold and silver coins.https://twitter.com/NickSzabo4/status/1145207850727178241 …
-
Assayability and counterfeitability make sense as factors. Highlights the importance of the ability to verify authenticity in general. Thank you.
-
Counterparty to verify is exactly why Gold cannot compete with BTC. When Central Banks have taken delivery of fake Gold, what chance has everyone else. Irrespective of there not being enough Gold on the planet for a tiny tiny coin for each person.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.