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> If millions find joy in having diamonds in their jewelry then I’d say there’s plenty of use for them. If millions find joy in having BTC in their digital wal
by matwood 6y ago
> If millions find joy in having diamonds in their jewelry then I’d say there’s plenty of use for them.
If millions find joy in having BTC in their digital wallet then I’d say there’s plenty of use for them.
The only reason diamond prices haven't cratered is because of a company propping them up.
- bluedevil2k 6y agoWhich company is that?? You're probably referring to DeBeers, but your diamond knowledge is like 30 years behind the curve if this is the case. DeBeers does not have a diamond monopoly! This is a myth recycled over and over on the internet from people making some fake moral anti-diamond stance. DeBeers has less than a 30% market share, and aren't even the #1 producer of diamonds any longer. The real reason diamonds haven't cratered is because they're a commodity that's always in demand - as long as people want to buy them they won't crater.