Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 1 year agoAs Gold Hits New Record, Some See Warning Signs of Civilizational Collapsewww.newsweek.comexternal-linkmessage-square274linkfedilinkarrow-up1459arrow-down121
arrow-up1438arrow-down1external-linkAs Gold Hits New Record, Some See Warning Signs of Civilizational Collapsewww.newsweek.comLee Duna@lemmy.nz to World News@lemmy.worldEnglish · 1 year agomessage-square274linkfedilink
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up2arrow-down3·1 year agoYes, it is durable, portable and compact. We can all agree on the fact you can make things with it. Is there any value in something that holds no real utility or real value?
minus-squareHumanOnEarth@lemmy.calinkfedilinkEnglisharrow-up2arrow-down11·1 year agoThere is tons of utility! Intrinsic value, not like gold no…but utility, absolutely.
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up8·1 year agoNo there is no utility. You cannot do anything with crypto whereas I can make all sorts of stuff from gold as it is a real physical object.
minus-squareHumanOnEarth@lemmy.calinkfedilinkEnglisharrow-up1arrow-down5·1 year agoDo you invest in gold? Does your pension plan?
minus-squareHumanOnEarth@lemmy.calinkfedilinkEnglisharrow-up1arrow-down5·1 year agoIf your pension plan does, it’s not real gold right? Who has it? Are you sure? Are the records transparent?
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up4arrow-down2·1 year agoIt’s held in reserve by a bank if they are invested directly in gold. Who is holding your crypto? Oh that’s right no one is.
minus-squareHumanOnEarth@lemmy.calinkfedilinkEnglisharrow-up1arrow-down4·1 year agoLololol no one is. Ok. God damn I guess I am going to get rich with arguments like this…
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up2arrow-down1·1 year agoIf your crypto is immaterial no one can hold it
Yes, it is durable, portable and compact. We can all agree on the fact you can make things with it.
Is there any value in something that holds no real utility or real value?
There is tons of utility! Intrinsic value, not like gold no…but utility, absolutely.
No there is no utility. You cannot do anything with crypto whereas I can make all sorts of stuff from gold as it is a real physical object.
Do you invest in gold? Does your pension plan?
No, and they might
If your pension plan does, it’s not real gold right? Who has it? Are you sure? Are the records transparent?
It’s held in reserve by a bank if they are invested directly in gold. Who is holding your crypto? Oh that’s right no one is.
Lololol no one is. Ok. God damn I guess I am going to get rich with arguments like this…
If your crypto is immaterial no one can hold it