Major crypto lender Celsius freezes withdrawals as markets tumble

Re:Major crypto lender Celsius freezes withdrawals as market... by tshaddox on Monday June 13, 2022 @10:22AM (#31726020)

Does that explain why gold has been used to make coins and ingots, held in large reserves by governments, etc.? Surely the value of gold is and has for most of human history been much higher than what would be expected if it were merely a nice metal to make pretty jewelry with.

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Re:Major crypto lender Celsius freezes withdrawals as market... by dragontamer on Monday June 13, 2022 @10:39AM (#31726276)

> Does that explain why gold has been used to make coins and ingots

Over say, Iron?

Yes. Because iron rusts. An iron-coin does not last forever. Copper, Silver, and Gold are easier to take care of, but even old copper/silver coins tarnish and corrode away with time.

Gold does not. A gold coin made 100 years ago would be as brilliant today as it was back then... with minimal maintenance.

There's a _REASON_ why gold was chosen, all across the world, from MesoAmerica, to Europe, to Asia, as a unit of currency.

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