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> What future does an asset have if people don't actually buy stuff with it? Does gold have a future? Nobody buys anything with gold. Also, the Bitcoin blocks
by clarkmoody 9y ago
> What future does an asset have if people don't actually buy stuff with it?
Does gold have a future? Nobody buys anything with gold.
Also, the Bitcoin blocks are full. Somebody is using it for something.
- rayvd 9y ago> Does gold have a future? Nobody buys anything with gold. As an asset or hedge against inflation. Not as a currency.
- UncleMeat 9y agoWhy is everybody all suddenly so excited about gold? Maybe btc is modestly better gold. So? Who tells typical people to invest in gold other than foxnews and infowars? I own precisely zero dollars worth of gold. Why should I buy btc? Transactions are not always buying goods. If I transfer 1btc to somebody and then send me $10,000 there will be a transaction. But btc was not used as a currency to purchase a good here.
- conanbatt 9y agoBecause there are trillions of dollars in gold and only billions in bitcoin. If bitcoin just replaced gold as a store of value it would explode many-fold.