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> Gold mining provides a resource that is used to build other products. Most use of gold is speculative as a store of value, some is decorative, and a little b
by tasuki 3y ago
> Gold mining provides a resource that is used to build other products.
Most use of gold is speculative as a store of value, some is decorative, and a little bit is actually used to build products.
> Bitcoin itself is not required for a transaction, any other form of currency could replace it.
Of course, for transactions. But people don't want to use national currencies as a store of value. For good reasons.
If we could replace gold with bitcoin as the store of value, it'd be a net positive.