Re:Is it a Ponzi? A framework for evaluating crypto projects
by sumy23 on Wednesday June 08, 2022 @03:25PM
(#31672700)
The value of gold is detached from its utility, just as the value of tulips during tulip mania were detached from their decorative value. The value of steel, on the other hand, is not detached from its utility value.
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Re:Is it a Ponzi? A framework for evaluating crypto projects
by forum_ghost on Wednesday June 08, 2022 @04:20PM
(#31673428)
gold is a reliable hedge and store of value that survived 5000 years: longer than any empire, longer than any bond issue, longer than any real estate holding, longer than any fiat currency.
financial utility IS utility.
nothing is detached from anything.