Part 4/11:
A key argument made by Livingston is that gold’s supposed scarcity is a myth — it can be artificially created or mined in laboratories, meaning there’s no hard cap. In contrast, Bitcoin’s supply schedule is rigid, transparent, and verifiable through cryptography. Every four years, the “halving” event reduces new Bitcoin issuance, tightening the supply and emphasizing its engineered scarcity.
Gold's perceived intrinsic value is called into question, especially since actual gold’s availability fluctuates based on the whims of miners and geopolitical risks. Conversely, Bitcoin’s issuance adheres to immutable rules, immune to political interference, physical physics, or human greed.