They looking for a commodity that cannot be manipulated by governments. It should derive it's true value from supply and demand.
The protocol was written to have the same characteristics as gold :
1. It's scarse / rare due to it's limited supply. [AGREE]
2. It has to be mined [AGREE]
3. It cannot be manipulated by governments. [DISAGREE] the purpose for which it was born is decentralization, but who knows what will happen when it becomes more widespread and influential?? no one can say
4. It will stand the test of time. [AGREE]
5. It can beat inflation [AGREE]: think you mean "rest of time"
6. It can be used as a currency [AGREE]
We can go on and on..... yes it's not a physical commodity like gold, but it's created to have the same features.
The protocol was written to have the same characteristics as gold :
1. It's scarse / rare due to it's limited supply. [AGREE]
2. It has to be mined [AGREE]
3. It cannot be manipulated by governments. [DISAGREE] the purpose for which it was born is decentralization, but who knows what will happen when it becomes more widespread and influential?? no one can say
4. It will stand the test of time. [AGREE]
5. It can beat inflation [AGREE]: think you mean "rest of time"
6. It can be used as a currency [AGREE]
We can go on and on..... yes it's not a physical commodity like gold, but it's created to have the same features.
kind regards