[Tethler]

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

There is plenty of gold left to mine. Calling it finite is like saying there are only so many buckets to get from the ocean.

Lots of gold is paper gold and manipulated on exchanges. It is also easy to confiscate, not very divisible, hard to transport, etc. etc.

Bitcoin is actually finite. You know exactly how many there are and how many there will be. It has 100% auditability.

How many dollars are there? How much gold is there in circulation?

Bitcoin is produced at a predictable rate. If gold price sky rockets, more people will invest in gold mining to mine more. There's a lot left.

If Bitcoin skyrockets, people can invest in mining, but the fixed pie just gets split more ways.

90% of bitcoin has already been mined.

ok