[randomhodler84]

I don’t agree with your interpretation of this definition. Gold is considered hard money, yet it is only a shiny rock. It is indeed the supply, ability to debase and store of value over time that makes it a hard asset.

It certainly is not satire. I believe what I wrote with great passion. I’d rather take a 51% risk (which… is not credible for many many years now) than a 100% risk my dollars are going to 0.

I agree about the fungability risk. Yes chain analytics is a thing. But it won’t be forever. Some UTXOs are bad. Not Surprisingly, enterprising folks have used various techniques to get around this. There is no mainnet filter on chain tho — a dirty utxo is as fungible as a Coinbase reward. It’s the centralized ecosystem that isn’t.

[XCSme]

> Gold is considered hard money, yet it is only a shiny rock

Despite its traditional value, gold is not only a shiny rock, it is an useful material in itself (it is not only used for jewelry).

[smt88]

It's not my interpretation. It's the definition used by everyone in finance and accounting.

https://www.investopedia.com/terms/h/hard_asset.asp

Intangible assets cannot be "hard".

Also, gold is not just a shiny rock. It can be made into electronic components, food, art, jewelry, and a huge variety of industrially-useful alloys.