Jumping from the subject of gold as a resource to gold as a form of money, and to the subject of Bitcoin is unsystematic.
Has nothing to do with its industrial value or use value. Has everything to do with it being hard to inflate.
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Again, that's unsystematic. Gold is not used as money in any form anymore. All of it stands true for gold.https://twitter.com/yevgenydevine/status/980315732671127552 …
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are you joking? Gold is a store of value
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Nowhere I say it's not.
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You said “gold is not used as money in any form”. SoV is one 3 functions of money.
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You confuse possibility with necessity, it's a modal fallacy.
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Your statement regarding “Gold is not used as money in any form” is nevertheless false, though
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The keyword is "anymore", you missed it. Small groups of people do not count.
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$3Trillion+ worth of monetay premium is non-trivial. The entirety of India, among many other cultures, use it as a store of value.
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People feel comfortable holding their wealth or even agreeing to use as a wealth-ledger something that is difficult to create more of. That’s why copper doesn’t work, but gold works.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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