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Gold vs Bitcoin Debate Reaction, Weiner vs Rochard - Daily Live 28 May 23 | E347

Bitcoin & Markets

CHAPTER

The Importance of an Economic Constant

Gold's utility of the margin is undiminished. How are you measuring that? I mean, it's just so, so wrong. To produce about 3,000 tons of gold, which is worth about $170 billion, that's over half of Bitcoin's current market cap being produced every year in gold. So we can't run a 5,000 year experiment to see what happens at Bitcoin's quantity keeps increasing. Well, yeah, we can kind of, right? We could do a computer simulation. It wouldn't be perfect, obviously, but we could do that. And you can just use deductive reasoning. An experiment doesn't have to be like a real true life experiment

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