"Digital Gold" seems like a nonsense concept. The most solid thing turned into the most ephemeral.
Gold's solidity was not the important thing about it, but that it was an agreed-upon medium of exchange.
-
-
And rare right?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
The imperishability helped a lot. Bitcoin even better.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
The solidity helped a lot!
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
“Most solid” can be interpreted in the abstract sense as being rare and tangible.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
no, the most important thing about it is its scarcity.
-
Gold is not scarce. Wall Street has created unlimited Uncollateralized paper versions of it. Over $180bn or 140mm ounces trade each day.
- Show replies
New conversation -
-
-
Not to mention gold is the perfect metal - it is beautiful and has industrial value.
-
It's the lack of Au's industrial value (comparative) which makes it a store of value!
End of conversation
New conversation -
-
-
Gold lost its store of value when Wall Street flooded the market w/ unlimited paper versions, derivatives&futures. Paper is 1000x > physical
-
It's not lost - just disguised !
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.