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by edblarney 3453 days ago
However much that is true - gold is still a physical product, impossible to reproduce, has some utility, it's a luxury item, and it has been established as a 'currency' for the last 5000 years. Which is a long time.

So aside from some nice properties, it's like the 'original bitcoin'. We really don't need another.

2 comments

> So aside from some nice properties, it's like the 'original bitcoin'.

Plus you can buy it in China and sell it in Brazil all within 30 minutes.

> We really don't need another

You are saying that you don't need another. But, among others, a million Chinese do and beg to differ here.

Gold divisibility is bad. Same for any other metal. This is one of the advantages of crypto currencies.