| Either you didn't comprehend what I said, or you're intentionally being obtuse; I love the aesthetics of gold as much as anyone, but that simply does not account for the price of gold from an economic perspective. The vast majority of gold is sitting around in vaults, not being looked at by its owners. > gold requires minimal knowledge to protect. That's true, but you also can't protect it very well. Governments have a bad tendency to take people's gold away at certain times (even the US has done it before), and good luck protecting against that. It's not exactly hard for standard-issue thieves to get away with either. Bitcoin may take slightly more effort to protect, but you get a lot more for your effort. > it's historically been very easy to trade gold for food. You're just re-stating the fact that it has value. > gold is worn on the body to show status and to look good. Yes, this is one use of gold, as I already mentioned, and as I also already mentioned, this only accounts for a small fraction of gold's value. > gold has industrial applications. While true, this again is a very small market compared to the use of gold as a value store. > you can look at gold and hold it in your hand. That's true, and convenient, but hardly a necessary feature of a store of value. I can't hold in my hand the money in my bank account or my copper holdings. I still value them. > It's quite shiny and surprisingly shiny. OK, I think you have a repetition problem. > None of these things apply to BTC. And none of them are particularly relevant. > Gold has inherent value because people inherently want it. People don't "inherently" want it any more than they inherently want rubidium. It's just a metal; and yet, due to a confluence of circumstances and the network effect, it's subjectively very valuable for pretty much everyone. > 10,000 years of people digging it out of the ground You're repeating the fact that gold has been around for a long time. |