[mrpopo]

> Part of something like gold is the shared social belief in it as a store of value.

Gold has inherent uses as a precious metal. Bitcoin mining only computes SHA256 hashes for no actual purposes.

[paxys]

Gold's market value has nothing to do with the fact that it is also has some uses as an actual metal. The vast majority of it will always be kept in a vault.

[gonehome]

It’s worth reading what I linked. Gold’s inherent utility as a metal is largely irrelevant.