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"Smart engineered gold" is an oxymoron. Gold is a terrible platform for economic activity, because it is expensive to create and difficult to move/transact with
by pphysch 5y ago
"Smart engineered gold" is an oxymoron. Gold is a terrible platform for economic activity, because it is expensive to create and difficult to move/transact with.
Just because it was the best financial technology hundreds of years ago does not make gold, artificial or not, the best financial technology for today.
"Faster horses"...
- mlcrypto 5y agoIt's all the good of gold with none of the bad
- compiler-guy 5y agoCrypto adds it’s own bad parts.
- pphysch 5y agoBitcoins are both "expensive to create" and "difficult to transact with". It's all of the good with all of the bad, and then some.
- worik 5y agoMisses out on being able to simply store gold. Being able to trade gold without technology. The energy to mine gold is much less (strange, very strange)