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Gold does not generate revenue... its still worth 11 trillion

• vsareto 4y ago
  Crypto offers very little in terms of intrinsic value (it's not zero though)
• dan1234 4y ago
  At least you'd still have the physical gold (which has utility) if the price went to zero. With crypto, all you'd be left with is a wallet address.
  • kanzure 4y ago
    If the market price of gold goes to zero, then no, by definition it has no remaining utility.
    • dan1234 4y ago
      That's also why it'd probably never get close to zero - its utility means it'd always have some value to someone. Even if we were to come up with a way to produce a synthetic gold, the price of gold would only fall as far the cost of synthetic gold.
      • politician 4y ago
        Does this line of reasoning imply that if Bitcoin never goes to zero then it must have some utility even if the random person on HN cannot articulate it?
    • deleted 4y ago
      [deleted]
• newaccount2021 4y ago