2o on Nostr: Yes, and in this market of stories gold competes just fine. As evidenced. The fact ...

Yes, and in this market of stories gold competes just fine. As evidenced. The fact that you don't have the gold in your pocket is not a mark against its story. People value the story as it stands, that's all that matters.

This idea that bitcoin wins on objective properties alone is prevalent but silly. Those objective properties are just plot points in bitcoin's story, but if that story doesn't resonate then the beauty of the plot points won't save it.

This is why everyone is talking about bitcoin needing to find a new narrative these days. It seems to have taken a story hit, despite the key objective properties like scarcity not having changed.