Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 2 months agoAs Gold Hits New Record, Some See Warning Signs of Civilizational Collapsewww.newsweek.comexternal-linkmessage-square274fedilinkarrow-up1458arrow-down119
arrow-up1439arrow-down1external-linkAs Gold Hits New Record, Some See Warning Signs of Civilizational Collapsewww.newsweek.comLee Duna@lemmy.nz to World News@lemmy.worldEnglish · 2 months agomessage-square274fedilink
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up2arrow-down3·2 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-up3arrow-down10·2 months agoThere is tons of utility! Intrinsic value, not like gold no…but utility, absolutely.
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up8·2 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-down5·2 months agoDo you invest in gold? Does your pension plan?
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up5·2 months agoNo, and they might
minus-squareHumanOnEarth@lemmy.calinkfedilinkEnglisharrow-up1arrow-down5·2 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.workslinkfedilinkEnglisharrow-up4arrow-down2·2 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-down4·2 months 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-down1·2 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