>>18019531 (lb)
What is gold backed by?
Bitcoin is digital scarcity 21m.
It is also backed by energy the one it consumes derived by the difficulty to find the next block.
Is gold used as a means of payment or accepted by merchants? No but it is scarce. So is bitcoin but digital.
>>18019539 (lb)
It is a public blockchain so it would be caught pretty fast. Who or how to audit the gold? Can you make a bank run with a gold standard not if the banks deny it.
Bitcoin doesn't need verification of energy it needs verification of the timechain.
>>18019543 (lb)
Petrodollar was tried it failed, gold backed, is still fiat, you need to trust.
Bitcoin is a protocol, we can all agree humans tend to disagree hence the difficulty to make any changes to the bitcoin protocol or network humans rarely agree.
Bitcoin is or can be audited by all the protocol hardly changes l, so changing the 21m proposition will be near impossible. Quantum this quantum that , algorithms evolve, so cam bitcoin without changing what it is. I see a verifiable decentralised censorship resistant worldwide agnostic network, the timechain doesn't lie, if it does it would be caught.
I can't audit gold I can barely split gold and a gold backed currency requires massive amounts of trust.