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> Part of something like gold is the shared social belief in it as a store of value. Gold has inherent uses as a precious metal. Bitcoin mining only computes S

• paxys 5y ago
  Gold's market value has nothing to do with the fact that it is also has some uses as an actual metal. The vast majority of it will always be kept in a vault.
• fossuser 5y ago
  It’s worth reading what I linked. Gold’s inherent utility as a metal is largely irrelevant.