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by thinkloop 2748 days ago
Those qualities are part of it, but not the whole story, gold is also:

- divisible (including literally soft to divide)

- fungible

- identifiable

- verifiable

- scarcity tested (people have been looking for, and trying to create, gold for so long without success that supply estimates can be trusted)

And the big one: branding.

Money is only useful when everyone uses it. It has one of the most powerful network effect of any system. The fact that it was successfully used as money for thousands of years, and everyone knows it, making it the default non-fiat money in terms of mind-share - has enormous value. Are you really going to try to convince everyone to exchange bismuth instead when fiat collapses?