Uh, yes I know that. My core point is that Bitcoin and gold are equally rare, not that gold is somehow not rare.<p>Bitcoin might be considered &quot;rarer&quot; to the extent that the rate is pretty much fixed. It&#x27;s not trivial to double the overall mining rate, whereas gold mines could substantially ratchet up production if they wanted to. (If a gold miner increases his mining rate, it doesn&#x27;t affect the rate of other miners. But if a bitcoin miner suddenly brings a lot more computing capacity online, it&#x27;s going to decrease the mining rate of other miners.)