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If you have gold you can use it in a number of industrial and commercial manners, regardless if the price went to zero or not. If the price of Bitcoin goes to z

• baobabKoodaa 6y ago
  > If you have gold you can use it in a number of industrial and commercial manners, regardless if the price went to zero or not. So, we're discussing a hypothetical where the price of gold goes to zero. And you're suggesting that in this hypothetical scenario there would still be industrial and commercial uses for gold? If that was the case, then the price of gold would not be zero, would it? Also: when you're referring to "commercial" use of gold, you're mainly referring to gold jewelry, e.g. people who like to admire gold for its beauty. If the prize of gold went to zero (e.g. no more industrial or commercial uses for gold), then people could still admire their gold coins. In the exact same manner, people could still admire their Bitcoin wallets if the price of Bitcoin went to zero. So I'm not sure what you were trying to prove with that argument. Anyway, neither Bitcoin nor gold is ever going to go to exactly zero, so this hypothetical scenario is not exactly realistic. Nor is it relevant to the question at hand: is gold/bitcoin a ponzi scheme? And the answer of course is "no", because ponzi scheme has a specific definition, and if you look at that definition, it's very obvious that neither of these assets fit that definition.