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A comment on Bitcoin has few attributes of money but all the attributes of a collectible. Parent comment

Re:Bitcoin has few attributes of money but all the attribute... by mrpopo on Thursday April 22, 2021 @02:22AM (#26899400)
> Part of something like gold is the shared social belief in it as a store of value.

Gold has inherent uses as a precious metal. Bitcoin mining only computes SHA256 hashes for no actual purposes.

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Re:Bitcoin has few attributes of money but all the attribute... by paxys on Thursday April 22, 2021 @02:35AM (#26899488)
Gold's market value has nothing to do with the fact that it is also has some uses as an actual metal. The vast majority of it will always be kept in a vault.
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Re:Bitcoin has few attributes of money but all the attribute... by fossuser on Thursday April 22, 2021 @02:57AM (#26899628)
It’s worth reading what I linked. Gold’s inherent utility as a metal is largely irrelevant.
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