Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by pbhjpbhj on Wednesday May 09, 2018 @01:07PM
(#17031552)
There's plenty of stuff more expensive than gold, the reason gold is used is because it's shiny-bling.
People in the past have traded using seeds as fiat, but they wore shiny or coloured things like shells, polished stones, polished metals.
Human vision is attracted to shiny and brightly coloured artefacts, it's not entirely subjective. This is why you can trick a child to accept a shiny coin in exchange for a high value item, or currency note, or even for a higher value coin that has less polish.
People in the past have traded using seeds as fiat, but they wore shiny or coloured things like shells, polished stones, polished metals.
Human vision is attracted to shiny and brightly coloured artefacts, it's not entirely subjective. This is why you can trick a child to accept a shiny coin in exchange for a high value item, or currency note, or even for a higher value coin that has less polish.