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0 pointsmrpopo4y ago0 comments

> Part of something like gold is the shared social belief in it as a store of value.

Gold has inherent uses as a precious metal. Bitcoin mining only computes SHA256 hashes for no actual purposes.

0 comments

Gold's market value has nothing to do with the fact that it is also has some uses as an actual metal. The vast majority of it will always be kept in a vault.

gonehome4y ago

It’s worth reading what I linked. Gold’s inherent utility as a metal is largely irrelevant.

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0 pointsmrpopo4y ago0 comments

> Part of something like gold is the shared social belief in it as a store of value.

Gold has inherent uses as a precious metal. Bitcoin mining only computes SHA256 hashes for no actual purposes.

0 comments

paxys4y ago

Gold's market value has nothing to do with the fact that it is also has some uses as an actual metal. The vast majority of it will always be kept in a vault.

gonehome4y ago

It’s worth reading what I linked. Gold’s inherent utility as a metal is largely irrelevant.

j / k navigate · click thread line to collapse