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https://www.usfunds.com/slideshows/the-many-uses-of-gold/ https://www.usfunds.com/slideshows/the-many-uses-of-gold/ Go to Coinbase and try to figure out how to
by dybber 5y ago
https://www.usfunds.com/slideshows/the-many-uses-of-gold/ https://www.usfunds.com/slideshows/the-many-uses-of-gold/
Go to Coinbase and try to figure out how to use Bitcoin to buy something with. All they talk about is Bitcoin as an investment.
A currency can’t be an investment as the expectation that it will rise in value undermines the main quality of a currency, which is to maintain a stable value, so it can be used as intermediary.
- hanniabu 5y agoGo to a gold exchange and try to figure out how to use it for microchips. Coinbase has a focus on trading. However, you can use bitcoin to buy things through Coinbase Commerce.
- ohbleek 5y ago>Go to a gold exchange and try to figure out how to use it for microchips. The idea that gold is useful as a store of value is ridiculous. You have painted the picture perfectly with your comment. It is not easily moved. It is not easily utilized. It is worthless to the average person and it’s price is heavily inflated.
- thinkmassive 5y agoA casino’s business is getting people to gamble more. Why would you go there seeking info on how to buy things?
- panarky 5y agoMost Ponzis and pyramid schemes are built on something that has a legitimate use. After all, the eponymous scheme by Charles Ponzi was built on legitimate postal reply coupons. So a list of non-monetary uses for gold is not evidence that its monetary uses are not Ponzis. Most financial instruments are at least Ponzi-adjacent in that their value is derived from the expectation that other market participants will pay more for them than you did. Whether it's real estate or equities, precious metals or cryptocurrency, profit requires an infinite cycle of growth that must collapse at some point.
- post_from_work 5y agoWhy would you go to Coinbase instead of Coinmap? https://coinmap.org/ https://coinmap.org/