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Gold has a utility, used in a large swath of electronics. Can always be sold to make something. Bitcoin can only be sold if there is a fiat currency trading i

• desumeku 2y ago
  Electronics didn't exist for the thousands of years that gold was used as currency. The fact is, it only has most of the value that it does because it was rare, malleable, particularly shiny, and because metallism was simply the easiest way (or at least one of the easiest ways) to invent the concept of currency and a monetary system.
  • nadermx 2y ago
    Even then it had a utility as jewlery. Bitcoin fails on that.
    • deleted 2y ago
      [deleted]
• throwawaymaths 2y ago
  you don't want your currency to be useful though. the value inherent in a currency is its ability to be verified without trusting the counterparty.
• heurist 2y ago
  Bitcoin's utility is that you can both hold it in your hands and send it across the world in 10 minutes with no intermediaries. Can't do that with gold.