Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Can you elaborate on how that's true? Gold has use in making other physical products, such as electronics, which can do things and thus create value. Bitcoin comparatively seems to be a net drain on resources and value.


The vast majority of gold is held for speculation. If that use case went away it'd be effectively worthless.


Wrong. It it fell 50%, many industrial uses of gold would resume. I'd have 4 gold fountain pens instead of 2.


Lol I stand corrected :)




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: