One thing that was particularly interesting to us when writing this piece was how something isn't necessarily a good money / store of value just because it's got a small amount of known supply.
For example, there's about 172 tons of Platinum in the world
In 2022, the global supply of platinum stood at nearly 5.5 million ounces - Statista
Most would likely assume that if there's only 172 tons of Platinum vs 300,000 tons of Gold in the world, that the Platinum would be more valuable and would also be a better SoV, but that assumption doesn't take into account production.
Global production of platinum amounted to an estimated 190 metric tons in 2022 - Statista
With around 190 tons being produced each year this gives a S2F ratio of 0.9 which is terrible! Those 172 tons would make for a terrible money given everyone else can produce 190 tons a year (or 110% of the total supply!). It'd be like if the Fed printed $23T USD each year lol
Another quirk is that to be a good Store Of Value the money should have a very small (or no) inflation rate. It should be scarce and remain scarce over time. The best way to achieve this is to have a large supply with a small production rate.
For example Gold has a huge supply of around 300,000 tons and a small production rate of around 3,500 tons per year (giving an inflation rate of around 1.5% p.a.)
The quirk comes in that to get that huge supply in the first place you need a high production rate! It's a catch-22!
This quite subtle insight gave us yet even more appreciation to the genius which is the Bitcoin minting schedule and the Halvings. These allow for not just fair distribution of bitcoins, but also encouraged and rewarded the early adopters all while solving this catch-22 problem flawlessly.
The simplicity. The elegance. Satoshi truly was an artist! 🧡