The idea described in the post makes sense to me. Bitcoin is idealized gold.
Today gold have some advantage over bitcoin in that it has some intrinsic value. But if someone finds a way to covert iron into gold, your reserve will disappear overnight.
But no such risk for bitcoin. The maximum supply is capped at some number.
Today gold have some advantage over bitcoin in that it has some intrinsic value. But if someone finds a way to covert iron into gold, your reserve will disappear overnight.
But no such risk for bitcoin. The maximum supply is capped at some number.