[dan1234]

At least you'd still have the physical gold (which has utility) if the price went to zero. With crypto, all you'd be left with is a wallet address.

[kanzure]

If the market price of gold goes to zero, then no, by definition it has no remaining utility.

[dan1234]

That's also why it'd probably never get close to zero - its utility means it'd always have some value to someone.

Even if we were to come up with a way to produce a synthetic gold, the price of gold would only fall as far the cost of synthetic gold.

[politician]

Does this line of reasoning imply that if Bitcoin never goes to zero then it must have some utility even if the random person on HN cannot articulate it?