What if BITCOIN is DIGITALIZED but is being LITERALLY MINED like Gold and Silver ( MINED OVER 6 FT BELOW THE GROUND )and has a lot more value than gold, would you consider it to have an increase value over time? ; D
And If it is would you rather dig your house out of it or just stay on your sit and buy some of it ; D
You touched upon one of the reasons bitcoin could have a significant advantage over gold. As mining technology advances, researchers will devise more accurate methods for detecting gold underground. Better and more efficient methods of extracting gold from the earth's crust will be devised. All in all, improvements in technology could reduce the value of gold over the long term as it became a more easily obtainable and common metal.
Bitcoin is better suited to resist improvements in technology while maintaining a steady stream of allotment and distribution. Its algorithmic restrictions limit significant increases in hashpower from bitcoin being mined @ a substantially faster rate. This could be deemed a significant advanrtage over gold, precious metals and commodities over the long term.