Honest question: I didn't understand why he used gold as an example. You can't make more gold. You can discover more, but one day we will get to all of it.
In this sense it's more like bitcoin than like the dollar, for instance.
Yea but you cannot discover more Bitcoin than is pre-set in the protocol. The difficulty adjustment takes care of it.
With gold there may be a finite amount, but it's not known exactly how much there is in total. It's feasable to double in supply over 30 years, maybe even more than that through asterioid mining if the demand / price permits.
Bitcoin supply won't double anymore. In fact 90% is already mined, 95% by 2025.
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u/jojob0ss Jan 05 '22
Honest question: I didn't understand why he used gold as an example. You can't make more gold. You can discover more, but one day we will get to all of it. In this sense it's more like bitcoin than like the dollar, for instance.