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people determined and chose that precious metals had value through trade. same way people are determining Bitcoin's value now. Okay if Earth has a fixed quantit
by asdev 6y ago
people determined and chose that precious metals had value through trade. same way people are determining Bitcoin's value now. Okay if Earth has a fixed quantity, what is it? Yeah you don't know. What's Bitcoin's limit? 21 million, defined by code.
- fragsworth 6y agoYou also don't know how much gold is actually above ground. How much has been stolen, historically? We don't know. And where is it stashed? We don't know. Some powerful people could have hoarded 90% of the world's gold and we wouldn't even have the slightest clue. There are no records for this.