Quote from: Darker45 on July 23, 2025, 12:35:31 AM

Quote from: Reatim on July 22, 2025, 04:18:53 PM

gold is limited but we just might have not discovered all that there is in the world but we can’t really create any more gold than we have but fiat we can always create more it’s unlimited so i do not think they are similar

bitcoin and gold are both limited in supply that’s why they are considered good investments

It's one thing for an asset to have limited supply; it's another to have fixed supply. That's a world of difference. If it becomes cost-beneficial in the near future, the gold market will even have new supply coming from outer space. Extra-terrestrial or asteroid mining will become a thing as soon as technology makes it affordable enough.

It's even wrong to say we can't create any more gold. Gold can be produced in a laboratory, at least theoretically. Of course, it won't be worth it, but it can be done.

Bitcoin's supply, on the other hand, is cast in stone. There are IOUs and hollow numbers and paper coins, though. Grin

But supply is not the most important factor in determining the value of an asset. An asset with very limited supply but not too much demand, how can it grow indefinitely?

Gold has no fixed supply, but it is considered one of the best assets in the world, and it didn’t earn that title by accident. The demand for gold is said to be endless as it is used and applied in almost every field in the world. It is not only limited to the role of an investment, a store of value but also applied in the medical, jewelry, culinary, electronics industries...That is why even though gold has been mined for thousands of years, there has never been enough supply to meet demand.

Forget about mining gold in space, that's just a theory because mining gold in the Earth's crust is already very expensive and we haven't even mined all the gold on Earth.

By the way, is it true that the bitcoin supply is cast in stone and unchangeable? What if there was an absolute consensus of the Bitcoin community, from miners to developers, to agree to increase the supply?