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/biz/ - Business & Finance

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1780075 No.1780075 [Reply] [Original]

The value of gold is far beyond its utility for use in products. Gold gets its value from it's scarcity utility as a currency and store of value, exactly like Bitcoin.

>> No.1781432
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1781432

I found the retard

>> No.1781437

gold is made of atoms

bitcoin isnt

>> No.1781439

>>1781437

Bitcoin can be stolen without even breaking into your vault, memer.

Here's how

>buy a ti-82 calculator
>plug it into a usb modem
>download memecoin.hax
>remove the bitcoin
>fuck bitcoiners in the ass all day for free

>> No.1781443

>>1781437
Is being made of atoms a perquisite for being a store of value?

>> No.1781456

Yup. That's why I don't invest in gold.

>> No.1781615

>>1781437
Money is just information. If you hold a piece of paper with 20 on it it means you have $20. If you hold a lump of gold it means you have this much weight of gold. If you hold bitcoin is means you have this much bitcoin.

Money is just information. Just like numbers in your bank account

>> No.1781640

>>1781439
good luck I'm behind 7 proxies on tails encrypted with 1024-bits

>> No.1781805

>>1781640
Need more bits.

>> No.1783024
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1783024

>>1780075
No one even uses gold as a currency anymore. Try paying for your groceries with a 1gram gold bar next time you're shopping. Copper is just as conductive in electronics so it doesn't even have any unique applications. The only reason it's worth something at all is because of history and how rare and shinny it is.

>> No.1783216
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1783216

>>1780075
Somewhat correct, except not exactly, since bitcoin is objectively superior.

>>1781437
>electricity and hardware backing up the network aren't made of atoms