Re:Bitcoin Energy Consumption Index
by SamBam on Monday August 28, 2017 @11:01AM
(#15116941)
> A comparison to bars of gold is OK however since that is money and not a representation.
Bars of gold certainly are a "representation" of money. They are only worth something so long as we all say they are. (Besides the little bit of intrinsic value from electrical wiring.) If people stopped saying gold was worth anything, it wouldn't be.
Bars of gold certainly are a "representation" of money. They are only worth something so long as we all say they are. (Besides the little bit of intrinsic value from electrical wiring.) If people stopped saying gold was worth anything, it wouldn't be.