News for hackers. Stuff that matters.

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 FridgeSeal on Thursday December 03, 2020 @08:13PM (#25297788)
At least gold has intrinsic value and isn’t attempting to be a modern currency...
[ Parent | on HN ]
Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by centimeter on Friday December 04, 2020 @12:47PM (#25305408)
> gold has intrinsic value

"Intrinsic value" isn't a rational concept and doesn't exist inside any successful economic formalizations.

Gold has value because it has useful properties, just like Bitcoin.

Gold: Shiny, sort of limited supply, difficult to store and transport

Bitcoin: Not shiny, hard-limited supply, easy to store and transport

[ Parent | on HN ]