The Currency analytics
In a provocative statement that has stirred conversations across both the crypto and traditional finance communities, Nick Szabo, the pioneering computer scien…
Szabo’s argument centers on the concept of scarcity and how it is influenced by technology. Gold has historically been prized for its limited supply. For centu…
“The historical allure of gold is scarcity, but in an age of tireless machines and limitless production, scarcity is no longer guaranteed,” Szabo explained. Ac…
While gold faces potential challenges from automation, Szabo emphasizes that Bitcoin is uniquely positioned to benefit from technological progress. Unlike phys…
“Bitcoin’s ceiling of 21 million coins ensures that its scarcity cannot be compromised by outside forces,” Szabo said. “Even if AI controls production, supply,…
Interestingly, Szabo also addressed the evolving perception of Bitcoin as a tech-like asset. Critics often highlight Bitcoin’s price volatility, noting that it…