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A comment on Coinbase opens its crypto index fund to accredited U.S. investors. Parent comment

Re:Coinbase opens its crypto index fund to accredited U.S. i... by cptskippy on Wednesday June 13, 2018 @08:20AM (#17302351)
> The dollar has (disproportionate) value because it's the currency for global commerce

Right... and when OPEC says they'll only trade in OilyBoyCoins?

> Gold however only has value because we believe it is a store of wealth, and we believe it has value.

That use to be true but now it's used heavily in various industries like consumer electronics and demand has been pushing the value upward.

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Re:Coinbase opens its crypto index fund to accredited U.S. i... by charlesdm on Wednesday June 13, 2018 @08:21AM (#17302356)
On the second, do you have numbers on how much value comes from demand in consumer electronics? Afaik it is minimal, but I could be wrong.
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Re:Coinbase opens its crypto index fund to accredited U.S. i... by cptskippy on Wednesday June 13, 2018 @12:21PM (#17304512)
I don't but I understand that it is minimal but has been growing steadily year-on-year.

This seems to indicate that global demand out paces supply: https://www.gold.org/research/gold-demand-trends/gold-demand...

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Re:Coinbase opens its crypto index fund to accredited U.S. i... by arthurcolle on Wednesday June 13, 2018 @01:43PM (#17305359)
Whats the ticker for OilyBoyCoins?
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