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My wife can't wear a bitcoin. She can wear a gold necklace and will be pleased to do it even if the price goes to 10%

• LudwigNagasena 2y ago
  What’s better: someone’s wife wearing a gold necklace, or a gold ignot sitting idle in Fort Knox? What’s better: someone living in a house, or a house sitting idle as a store of value? What’s better: someone storing his wealth in houses and gold ignots, or in special financial assets that don’t take away products from other people?
  • rvnx 2y ago
    Hoarded wealth is a stinking manure; used wealth is a fertilizer.
    • liontwist 2y ago
      > hoarded It’s bad to be able to transport wealth through time? Spend it or lose it? Never work hard now for later?
• mistercheph 2y ago
  Would she be happy to wear a necklace that appeared identical to gold to the naked eye, but anyone with a $10 instrument could demonstrate was not gold but something relatively worthless? If so, I have something I would like to sell you that your wife would really love.
  • 1659447091 2y ago
    I doubt she would be too pleased with the green stain left behind when taken off
• pfannkuchen 2y ago
  Doesn’t the appeal of gold as jewelry rely on it being expensive? I think if the price cratered its use in jewelry would probably plummet.
  • viraptor 2y ago
    It's the look. You also get resin / rock / clay / steel / ... (anything really) jewellery. It's not just about the price. And even then, a jewelry-sized gold piece is quite cheap.