Gold’s cost of transportation scales as a % of the value of the gold being transported, transaction fees in #BTC scale based on the amount of data a transaction consumes.This means that a #BTC transaction may be moving tremendous value while paying a very low fee.
Thoughts taken from a @BitcoinPierre piece from @TimelessBitcoin titled ‘Bitcoin Versus Gold’
ABitcoinGuy / CWM
npub1qm…2sswt
2023-11-16 09:20:25
Author Public Key
npub1qm8ltd4njp8lpr0r8hdkgm3kfrz5zgsjwnkdw0kjwf2xj9awrlhsn2sswtPublished at
2023-11-16 09:20:25Event JSON
{
"id": "4154ec2ea5dbbd5894fabe2b9401986e13a7d9d5ae9930273715690133b7c251",
"pubkey": "06cff5b6b3904ff08de33ddb646e3648c541221274ecd73ed272546917ae1fef",
"created_at": 1700126425,
"kind": 1,
"tags": [
[
"t",
"btc"
],
[
"t",
"btc"
]
],
"content": "Gold’s cost of transportation scales as a % of the value of the gold being transported, transaction fees in #BTC scale based on the amount of data a transaction consumes.This means that a #BTC transaction may be moving tremendous value while paying a very low fee.\n\nThoughts taken from a @BitcoinPierre piece from @TimelessBitcoin titled ‘Bitcoin Versus Gold’",
"sig": "bd54c25c5fd09ed1c83b555b8ba94c3393c2ebd6adbdb802ae8c30cbe66676f613e2d3ba8499dc783865327ffd98e04c8a71e7427e685b1b3e8b4a36833a2920"
}