Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 1 day agoAs Gold Hits New Record, Some See Warning Signs of Civilizational Collapsewww.newsweek.comexternal-linkmessage-square194fedilinkarrow-up1358arrow-down115
arrow-up1343arrow-down1external-linkAs Gold Hits New Record, Some See Warning Signs of Civilizational Collapsewww.newsweek.comLee Duna@lemmy.nz to World News@lemmy.worldEnglish · 1 day agomessage-square194fedilink
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up6·19 hours 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-down4·19 hours agoDo you invest in gold? Does your pension plan?
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up4·19 hours agoNo, and they might
minus-squareHumanOnEarth@lemmy.calinkfedilinkEnglisharrow-up1arrow-down3·18 hours 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-up3arrow-down1·18 hours 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-down2·16 hours agoLololol no one is. Ok. God damn I guess I am going to get rich with arguments like this…
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up1·14 hours agoIf your crypto is immaterial no one can hold it
minus-squareHumanOnEarth@lemmy.calinkfedilinkEnglisharrow-up1·12 hours agoCrypto is not immaterial, there is a digital (digital stuff exists in the real world, since it’s not fairy magic) copy of all Bitcoin transactions spread all around the world. Without the physical presence of nodes, bitcoin would not exist. Also, Crypto does not equal Bitcoin.
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
Crypto is not immaterial, there is a digital (digital stuff exists in the real world, since it’s not fairy magic) copy of all Bitcoin transactions spread all around the world. Without the physical presence of nodes, bitcoin would not exist.
Also, Crypto does not equal Bitcoin.