Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 7 months agoAs Gold Hits New Record, Some See Warning Signs of Civilizational Collapsewww.newsweek.comexternal-linkmessage-square274linkfedilinkarrow-up1457arrow-down121
arrow-up1436arrow-down1external-linkAs Gold Hits New Record, Some See Warning Signs of Civilizational Collapsewww.newsweek.comLee Duna@lemmy.nz to World News@lemmy.worldEnglish · 7 months agomessage-square274linkfedilink
minus-squareQuoVadisHomines@sh.itjust.worksdeleted by creatorlinkfedilinkEnglisharrow-up2arrow-down3·7 months 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-down11·7 months agoThere is tons of utility! Intrinsic value, not like gold no…but utility, absolutely.
minus-squareQuoVadisHomines@sh.itjust.worksdeleted by creatorlinkfedilinkEnglisharrow-up8·7 months 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-down5·7 months agoDo you invest in gold? Does your pension plan?
minus-squareQuoVadisHomines@sh.itjust.worksdeleted by creatorlinkfedilinkEnglisharrow-up5·7 months agoNo, and they might
minus-squareHumanOnEarth@lemmy.calinkfedilinkEnglisharrow-up1arrow-down5·7 months 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.worksdeleted by creatorlinkfedilinkEnglisharrow-up4arrow-down2·7 months 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-down4·7 months agoLololol no one is. Ok. God damn I guess I am going to get rich with arguments like this…
minus-squareQuoVadisHomines@sh.itjust.worksdeleted by creatorlinkfedilinkEnglisharrow-up2arrow-down1·7 months 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