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A comment on Why you can’t cash out part 1: Bitcoin’s “price” is largely fictional. Parent comment

Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by Yizahi on Monday December 18, 2017 @06:34AM (#15950939)
Gold is valuable by itself and there is only 80-90k tons of it ever (plus some amount in the oceans). Gold would be used everywhere in the electronics in pure form if it was priced and widespread as copper or iron.
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Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by voidmain on Monday December 18, 2017 @09:04AM (#15951631)
Yes, of course, but those uses are not very important to understanding the current price of gold.

Likewise, I own a $100 billion Zimbabwean dollar bill as a curiosity, but that market doesn't put an important floor on fiat currency prices!

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