The supply of bitcoins used as currency is fixed while the supply to all other reference currencies are variable in some way or another.
Fiat is obviously variable on the whims of the issuing government.
Gold may be taken out of circulation to make jewelry or electronics (or another use not yet discovered). Ammo and baked beans can be consumed. Bitcoin has no utility value and cannot be used for anything other than as a currency.
Similarly, the supply of these other items can be expanded. An asteroid full of gold could be mined, a new ammunition factory built, or a bean farm planted. Bitcoin has no physical identity, it cannot be reproduced, counterfeited, or grown outside of the well defined properties laid down in the original protocol.
Bitcoin is truly the first pure reference currency. Manipulative games can still be played with bitcoin markets, but the risk of external non-economic events affecting your money supply is removed. A political party can't decide the world needs more bitcoins, a new vein of bitcoins cannot be discovered, and nor can a new use for bulk bitcoins be invented.
Fiat is obviously variable on the whims of the issuing government.
Gold may be taken out of circulation to make jewelry or electronics (or another use not yet discovered). Ammo and baked beans can be consumed. Bitcoin has no utility value and cannot be used for anything other than as a currency.
Similarly, the supply of these other items can be expanded. An asteroid full of gold could be mined, a new ammunition factory built, or a bean farm planted. Bitcoin has no physical identity, it cannot be reproduced, counterfeited, or grown outside of the well defined properties laid down in the original protocol.
Bitcoin is truly the first pure reference currency. Manipulative games can still be played with bitcoin markets, but the risk of external non-economic events affecting your money supply is removed. A political party can't decide the world needs more bitcoins, a new vein of bitcoins cannot be discovered, and nor can a new use for bulk bitcoins be invented.