But point a and b in you're assessment of gold's value are two of the most common arguments for crypto, specifically bitcoin, as well.
a) crypto holders believe that the value will hold because as more individuals use it to store their net worth, the harder it will become to
manipulate. ie. a history of price growth/eventual stabilization will occur in time.
b) its algorithmically-enforced scarcity, which many people believe is as valid as physically-enforced scarcity. So long as hash-based cryptography always works.
a) crypto holders believe that the value will hold because as more individuals use it to store their net worth, the harder it will become to manipulate. ie. a history of price growth/eventual stabilization will occur in time.
b) its algorithmically-enforced scarcity, which many people believe is as valid as physically-enforced scarcity. So long as hash-based cryptography always works.