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Re:Bitcoin is a disaster by baby on Thursday December 31, 2020 @06:02PM (#25598230)
How often is it used for that use case? Does gold have a high value due to this? No. I would even say that we might see more use industrially if people weren’t inflating its price by using it as a store of value.
Re:Bitcoin is a disaster by tokai on Thursday December 31, 2020 @06:25PM (#25598440)
37% of gold use in the US is for electronics.

https://geology.com/minerals/gold/uses-of-gold.shtml

Re:Bitcoin is a disaster by knowaveragejoe on Thursday December 31, 2020 @06:37PM (#25598594)
Unless I'm mistaken, this is showing gold used for anything but storage of value. So that number is misleading.
Re:Bitcoin is a disaster by baby on Thursday December 31, 2020 @07:01PM (#25598815)
Stats that include gold used as a store of value show much different numbers. But as I said earlier, the price of gold was never inflated by industrial use, it’s the other way around. The good thing about bitcoin: you’re investing in something that won’t negatively impact real world use cases.
Re:Bitcoin is a disaster by TheAnswerMan on Thursday December 31, 2020 @06:19PM (#25598394)
> How often is it used for that use case?

100% of all cases. You just used gold to ask that question.

Re:Bitcoin is a disaster by smabie on Thursday December 31, 2020 @06:25PM (#25598442)
Most gold is not used for industrial purposes
Re:Bitcoin is a disaster by NoodleIncident on Thursday December 31, 2020 @06:31PM (#25598514)
Well, low reactivity is why it stays shiny, right? People like the shiny squishy heavy rocks