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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
by 3form 5mo 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 5mo 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.