Bitcoin versus Gold

We often hear about drawbacks to gold with its weight, difficulty transporting, secure storage costs, ability to counterfeit bars with gold-plated tungsten, difficulty in proving reserves, and so on.

This link clearly emphasizes another drawback of gold relative to Bitcoin: As technology improves, we actually have been extracting moe and more gold annually over time, and the total amount of extracted gold has actually accelerated over time.

Contrast this with Bitcoin. No improvement to mining rig technology can ever lead to mining operations that suddenly mine 80M bitcoins in a future year, yet this is what happens with gold and gold still has appreciated longterm despite that.

TL;DR - Really just an interesting chart for gold production if you click the link. lol