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However much that is true - gold is still a physical product, impossible to reproduce, has some utility, it's a luxury item, and it has been established as a 'c
by edblarney 10y ago
However much that is true - gold is still a physical product, impossible to reproduce, has some utility, it's a luxury item, and it has been established as a 'currency' for the last 5000 years. Which is a long time.
So aside from some nice properties, it's like the 'original bitcoin'. We really don't need another.
- dmichulke 10y ago> So aside from some nice properties, it's like the 'original bitcoin'. Plus you can buy it in China and sell it in Brazil all within 30 minutes. > We really don't need another You are saying that you don't need another. But, among others, a million Chinese do and beg to differ here.
- hugozap 10y agoGold divisibility is bad. Same for any other metal. This is one of the advantages of crypto currencies.