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by coatmatter
1311 days ago
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Gold at least is shiny, dense and virtually indestructible, and we humans naturally value things that draw our attention like that. Gold has also stood the test of time as something that most people appreciate when they see/touch it. It'll always be possible in any country to trade an ounce of gold (in any physical form) for /something/ well above $0. Can this guarantee be as easy to make with Bitcoin or any cryptocurrency of one's choosing? For most normal (non-techy) people, what's the allure of Bitcoin once you remove all the marketing? Perhaps gold indeed still relies on the greater fool, but that fool on average is still less of a fool than the greater fool who has too much "invested" in cryptocurrency. |
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