Analysts warn that loose monetary policy, global conflicts and declining trust in institutions are driving the surge in gold.
  • HumanOnEarth@lemmy.caEnglish
    211·
    1 month ago

    There is tons of utility! Intrinsic value, not like gold no…but utility, absolutely.

    • QuoVadisHomines@sh.itjust.worksEnglish
      8·
      1 month ago

      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.

          • HumanOnEarth@lemmy.caEnglish
            15·
            1 month ago

            If your pension plan does, it’s not real gold right? Who has it? Are you sure? Are the records transparent?

            • QuoVadisHomines@sh.itjust.worksEnglish
              42·
              1 month ago

              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.

              • HumanOnEarth@lemmy.caEnglish
                14·
                1 month ago

                Lololol no one is. Ok. God damn I guess I am going to get rich with arguments like this…

                  • HumanOnEarth@lemmy.caEnglish
                    12·
                    1 month ago

                    Crypto is not immaterial, there is a digital (digital stuff exists in the real world, since it’s not fairy magic) copy of all Bitcoin transactions spread all around the world. Without the physical presence of nodes, bitcoin would not exist.

                    Also, Crypto does not equal Bitcoin.