Cardano is designed to be here for decades

Digital scarcity is based on the trust of people that a given project will exist for a long time if not forever. Longevity depends on a sustainable economic model. The model itself cannot be stable and it depends on events in the real world. Let’s compare Cardano and Bitcoin from the perspective of longevity and durability.

Gold and digital scarcity

Gold is a natural resource. It is a metal that arose from the Big Bang. In contrast to other resources, the quantity of gold on our planet is literally very scarce comprising only 0.00000031% of the Earth’s crust. Gold is shiny and can be useful in the jewel or electronics industries. People decided to use it as a store of value. Thus, gold is a very expensive resource.

Gold has one big advantage that cannot be replicated in the digital world. Gold is naturally durable and does not depend on human activity or other natural events. Gold just exists independently of humankind. Longevity and durability are the most important prerequisite of scarcity if it is to be used as a store of value. Imagine it would be possible that wealth could unexpectedly disappear. Nobody would want to own such an unstable asset. People buy gold to preserve their wealth. They naturally do not want to lose it somehow accidentally. Gold is the greatest store of value on Earth. Bitcoin’s…