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Bitcoin is better than Gold in almost every way possible.

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Bitcoin has absolute scarcity with 21 million hard cap, while Gold's stock to flow inflation is about 1.5-2% a year on average. After April halving this year, Bitcoin's stock to flow inflation will officially dip below that of Gold, and will become hardest asset ever by definition.

Bitcoin is faster than Gold and extremely portable, you can send a billion dollars from New York to Tokyo and have it final settlement in 30minutes.

Bitcoin is easily verifiable on the blockchain if the fund is there or not. Gold often has to be melted down or cut to verify theres no tungsten inside then the seller's charged a re-smelting fee etc.

Bitcoin can be divided down to a hundred millionth of a bitcoin and transmitted at such infinitesimal amounts (network fees can, however, make transmission of tiny amounts uneconomic, this is where L2 and eventually L3 comes in). Gold is very difficult to do so without incurring additional cost.

Both Bitcoin and Gold are fungible and durable, with Gold having the longest established history as a monetary good.

However Gold is a poor store of value whose price has been largely the same over past decade against rampant inflation while Bitcoin has seen explosive, albeit extremely volatile, growth and adoption in same amount of time.

Bitcoin, despite its short existence, has weathered enough trials in the 15-year market that there is a high likelihood it will not vanish as a valued asset any time soon. Furthermore, the Lindy effect suggests that the longer Bitcoin remains in existence the greater society’s confidence that it will continue to exist long into the future.

Aside from being a dumb shiny yellow rock, used in jewellery, art and electronics, Gold is inferior to Bitcoin in nearly every way.

Gold is stuck in the ground, Bitcoin is stuck in time. It's time we embrace the future.

Stay humble. Stack sats.

Thanks for listening to my ted talk.

submitted by /u/clicksanything
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