For all practical purposes, gold is not supply capped (even ignoring extra terrestrial supply of gold). There is always more gold to be found or deeper to mine. It is just a matter of exploration, tech advances, and economic viability.
If bitcoin had a much much longer issuance schedule as a minute fraction of it's total supply, it would have a similar effect to gold.
Imagine if gold mining ended about a 100 years after it first started. That is bitcoin right now. But we are still mining gold after thousands of years.
MoneroMage / Monero Mage
npub1ct…meyrr
2023-02-18 08:14:29
in reply to nevent1q…rvsq
Author Public Key
npub1ctzg6p38sn0v0ez96a33tarp70fkcjmjnafed6knzj822km6q3zqrmeyrrPublished at
2023-02-18 08:14:29Event JSON
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"pubkey": "c2c48d062784dec7e445d76315f461f3d36c4b729f5396ead3148ea55b7a0444",
"created_at": 1676708069,
"kind": 1,
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"content": "For all practical purposes, gold is not supply capped (even ignoring extra terrestrial supply of gold). There is always more gold to be found or deeper to mine. It is just a matter of exploration, tech advances, and economic viability.\n\nIf bitcoin had a much much longer issuance schedule as a minute fraction of it's total supply, it would have a similar effect to gold.\n\nImagine if gold mining ended about a 100 years after it first started. That is bitcoin right now. But we are still mining gold after thousands of years.",
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