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3min chapter
Bitcoin 101 with Linda Hill (WiM114)
The "What is Money?" Show
How Much Exists?
Gold is the hardest commodity to increase the supply of. Everything else, by definition, is easier to produce than gold. Every unit of gold is worth more goods and services,. Because we're producing more goods and Services, but less gold. So if we're talking about relative scarcity, the gold would be increasing in price. I do price in quotations, marked, because it's not like a dollar price. It's just in terms of goods and services. Maybe a gold nugget was worth one chicken in the year, i'm just making stuff up here, four thousand sand, then by the year one thousand b c is worth five chickens, you know?
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