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A comment on S&P Dow Jones Indices to launch cryptocurrency indexes in 2021. Parent comment

Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by root_axis on Thursday December 03, 2020 @04:04PM (#25294889)
It can be trivially changed in the sense that it's a computer program that simulates money. No amount of consensus can increase the gold supply.
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Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by nmlnn on Thursday December 03, 2020 @04:36PM (#25295435)
Technological advances can increase the gold supply. Asteroid mining, extracting it from sea water, mining lower quality deposits, etc.

There still has to be consensus on using gold as money, if there isn't it will lose its monetary premium to something that has better monetary properties.

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Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by modeless on Thursday December 03, 2020 @05:14PM (#25295944)
> There still has to be consensus on using gold as money

This is a great point. The choice to value gold as currency over other rare metals is 'a cultural property of the community' and yet not 'trivial' to change, just as Bitcoin's consensus isn't.

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