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At least gold has intrinsic value and isn’t attempting to be a modern currency...

• centimeter 6y ago
  > gold has intrinsic value "Intrinsic value" isn't a rational concept and doesn't exist inside any successful economic formalizations. Gold has value because it has useful properties, just like Bitcoin. Gold: Shiny, sort of limited supply, difficult to store and transport Bitcoin: Not shiny, hard-limited supply, easy to store and transport