Economics

The Periodic Table of Money

Nature hands us 118 elements. Which one should be money? Instead of arguing, let’s test. Apply the properties of money one at a time and watch the periodic table narrow itself — with no help from us — down to gold and silver.

This is the argument first popularised by Andreas Antonopoulos and the “Money is Broken” talk: money wasn’t chosen, it was discovered. Press the button to apply each property in turn.

    The point. Civilisations that never met — Lydians, Chinese, Aztecs, Egyptians — independently landed on gold and silver. Not by coincidence, but because the chemistry of the universe leaves almost nothing else that is scarce, durable, portable, divisible, fungible and workable all at once.

    Gold wins the store of value; silver wins the coin

    Of the two survivors, gold is scarcer and effectively indestructible — the better long-term store of value. Silver is more abundant and cheaper — better for everyday, smaller payments. For millennia societies ran on both: gold for savings and settlement, silver for daily trade. Hold that thought — Bitcoin is engineered to have gold’s scarcity and silver’s divisibility at the same time.

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