3 ms·
Gold is never traded or exchanged for its intrinsic value. It is why I hate how people use gold as a monetary base, because it wastes a perfectly good metal wit
by zanny 14y ago
Gold is never traded or exchanged for its intrinsic value. It is why I hate how people use gold as a monetary base, because it wastes a perfectly good metal with practical applications on being the shiny rare thing people hoard for money.
- dragonwriter 14y ago> It is why I hate how people use gold as a monetary base, because it wastes a perfectly good metal with practical applications on being the shiny rare thing people hoard for money. I would argue that (among its other problems) Bitcoin has a parallel problem in that it wastes perfectly good computational power (and the resources that go into producing that computational power, both the hardware and the energy inputs) on being the intangible rare thing people hoard for money.