3 ms·

Gold has a use value.

• kedihacker 6mo ago
  90% percent of gold is used in jewelry or bars so use value isn't that much unless price is prohibiting use cases.
  • grey-area 6mo ago
    Jewellery is a use for gold, people like it because it is pretty and shiny and easily worked not just because it is rare. The artificial scarcity and lack of actual use of bitcoin really isn’t the same.
  • cindyllm 6mo ago
    [dead]
• 3form 6mo ago
  So do beanie babies. Might be less than gold, but that's why I'm calling this argument flawed. The second part is that despite these disclaimers, I don't think gold has, in modern history, or will in our lifetimes, reach a price reflecting just the use/intrinsic value. The reasons being twofold: the storage of value IS a use itself; and importantly, which applies to Bitcoin and others, there are always people that will be willing to buy the dip, which is how the requested new generation of "fools" comes from.
  • lern_too_spel 6mo ago
    > the storage of value IS a use itself And for this, having a private ledger is cheaper and more efficient for moving stored value in a way that is recoverable by law and doesn't support sanctioned regimes.