Thread
Starting to think Monero is digital silver to Bitcoin as digital gold. I mean this in the historical sense the gold was money but so was silver and copper coins.
Monero has a higher inflation through tail emissions making it less scarce then digital gold. Similar to the real relationship to physical gold and silver. Silver is more abundant than gold making it less scarce and have less value lb for lb. Silver is easier to mine and less energy intense so is Monero.
One might be more inclined to spend their silver pieces and save their gold pieces. Store silver in a purse (historically me wore purses for their coins) and gold in a safe. Bitcoin has better cold storage options.
Institution are more likely to stockpile gold than silver. We are also seeing this today in bitcoin.
Gold and silver are not competitors they serve different but similar functions as money.
Replies (4)
checks out
Bitcoins lack of fungibility might make it a SoV more akin to real estate than gold
but nobody knows and we dont need to get into it 😂
It’s not a perfect analogy but it think it is close to reality between physical and digital. Some properties of physical cannot be duplicated in the digital and some properties of digital cannot be duplicated in the physical.
yeah
everything has different properties that change the way people interact with it and analogies only go so far.
but given the incentive structure,
seems highly likely Bitcoin becomes a chain where people store data they don't want to lose.
My take is that Monero is more like digital cash than digital silver because XMR is not limited like gold or silver are. I think Litecoin would be closer to digital silver since it has a limited supply of 84M much like Bitcoin's 21M, which mirrors how silver is more common than gold, albeit finite.
