Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 1 month agoAs Gold Hits New Record, Some See Warning Signs of Civilizational Collapsewww.newsweek.comexternal-linkmessage-square274fedilinkarrow-up1455arrow-down121
arrow-up1434arrow-down1external-linkAs Gold Hits New Record, Some See Warning Signs of Civilizational Collapsewww.newsweek.comLee Duna@lemmy.nz to World News@lemmy.worldEnglish · 1 month agomessage-square274fedilink
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up3arrow-down3·1 month agoYes, it is durable, portable and compact. We can all agree on the fact you can make things with it. Is there any value in something that holds no real utility or real value?
minus-squareHumanOnEarth@lemmy.calinkfedilinkEnglisharrow-up2arrow-down11·1 month agoThere is tons of utility! Intrinsic value, not like gold no…but utility, absolutely.
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up8·1 month agoNo there is no utility. You cannot do anything with crypto whereas I can make all sorts of stuff from gold as it is a real physical object.
minus-squareHumanOnEarth@lemmy.calinkfedilinkEnglisharrow-up1arrow-down5·1 month agoDo you invest in gold? Does your pension plan?
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up5·1 month agoNo, and they might
minus-squareHumanOnEarth@lemmy.calinkfedilinkEnglisharrow-up1arrow-down5·1 month agoIf your pension plan does, it’s not real gold right? Who has it? Are you sure? Are the records transparent?
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up4arrow-down2·1 month agoIt’s held in reserve by a bank if they are invested directly in gold. Who is holding your crypto? Oh that’s right no one is.
minus-squareHumanOnEarth@lemmy.calinkfedilinkEnglisharrow-up1arrow-down4·1 month agoLololol no one is. Ok. God damn I guess I am going to get rich with arguments like this…
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up2arrow-down1·1 month agoIf your crypto is immaterial no one can hold it
Yes, it is durable, portable and compact. We can all agree on the fact you can make things with it.
Is there any value in something that holds no real utility or real value?
There is tons of utility! Intrinsic value, not like gold no…but utility, absolutely.
No there is no utility. You cannot do anything with crypto whereas I can make all sorts of stuff from gold as it is a real physical object.
Do you invest in gold? Does your pension plan?
No, and they might
If your pension plan does, it’s not real gold right? Who has it? Are you sure? Are the records transparent?
It’s held in reserve by a bank if they are invested directly in gold. Who is holding your crypto? Oh that’s right no one is.
Lololol no one is. Ok. God damn I guess I am going to get rich with arguments like this…
If your crypto is immaterial no one can hold it