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I’m not sure it’s fair to conclude the price doesn’t match its industrial usage, just based on being an integral component of computers and smart phones, using
by will_brown 9y ago
I’m not sure it’s fair to conclude the price doesn’t match its industrial usage, just based on being an integral component of computers and smart phones, using another electrical conductor while possible would lead to reduced lifetimes of devices...so what is the fair value of something that in other words extends the lifetimes of these devices?
Also, I’d be the first person to acknowledge and promote the function of bitcoin and blockchain technologies too, but I think it’s ok to support bitcoin/blockchain while simultaneously questioning how the monetary value of bitcoin is derived and drawing a distinction between value/worth/function of precious metals and cryptocurrencies. It’s like smart contracts, I’m the first to support and promote self executing programs hosted on blockchains, but I’m also the first to challenge when people market them as functioning outside the legal system or in other ways inconsistent with reality.
I say if you can, own a little of all of them, sheep too. After all gold is only worth something until it’s worth less than a can of soup.