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Gold’s price relative to other commodities will drop, but it’ll still be useful. It might even end up maintaining value since demand could rise in electronic co
by grapeskin 4y ago
Gold’s price relative to other commodities will drop, but it’ll still be useful. It might even end up maintaining value since demand could rise in electronic components.
As another example, water literally falls from the sky but people still pay 2 dollars for a bottle of it.
Meanwhile, Bitcoin can’t be used for anything. It’s sole purpose is putting money in and cashing it back out for money.
You could also say stocks are worthless. That wouldn’t be wrong. You just have to hope that company doesn’t go bankrupt overnight.