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The monetary value of gold is in excess of its intrinsic value — exactly like Bitcoin. It's only a question of degree. And "shiny things" as a motivation for mi
by Robin_Message 15y ago
The monetary value of gold is in excess of its intrinsic value — exactly like Bitcoin. It's only a question of degree. And "shiny things" as a motivation for mining explains gold and Bitcoins.
- shivak 15y agoYes, but the reason why is not exactly the same. That point is lost on Krugman, who equates gold and Bitcoin on that basis.