Most Of Gold’s Value Also Comes From Its ‘Non-Confiscatability’
Part 2 of “The Intrinsic Value Of Bitcoin And Gold, Finally Explained”
Part 2 of “The Intrinsic Value Of Bitcoin And Gold, Finally Explained”
In part two the firm compares Gold to Bitcoin in terms of how its own value is derived and concludes the yellow metal is not as unconfiscatable as Bitcoin is while acknowledging other qualities that give Gold value bitcoin does not possess. In places where we believe the comparison is imperfect, footnotes were added for revisiting later. For now, we want your thoughts in the comments.
Previously:
Part 1: Bitcoin Cannot Be Confiscated
“Most Of Gold’s Value Also Comes From Its Non-Confiscatability”
Gold is also non-confiscatable in two out of the three ways. Gold cannot be confiscated by inflation, given its controlled supply. And gold cannot be confiscated by bank failure.1