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A comment on Coinbase lays off around 1,100 employees. Parent comment

Re:Coinbase lays off around 1,100 employees by Apocryphon on Tuesday June 14, 2022 @06:43PM (#31746931)
Maybe I never weighed in on the question of whether there should be billionaires or not, but you have simply projected a strawman upon me, which is fitting because this whole thread was started because I said the aforementioned parable was a strawman.

Currently, gold retails at $1808 an ounce. So it would take over 15.6 metric tons of gold to be even worth a billion dollars. That is substantially more than an "old pile", and probably of historical worth, like contained in a ruined temple or wartime vault or something

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Re:Coinbase lays off around 1,100 employees by googlryas on Tuesday June 14, 2022 @11:06PM (#31748674)
Sorry, it's hard to keep track of who believes what when I get multiple replies to my response to a single person, where there is no continuity of viewpoint between the responders. I don't think one can really have any kind of cohesive conversation that way because literally everyone is arguing something completely different. I just assumed you agreed with OP.

The San Jose galleon as I mentioned is estimated to have about $17B of gold on it. I don't think very much is going to change about the world when it is raised.

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Re:Coinbase lays off around 1,100 employees by Apocryphon on Tuesday June 14, 2022 @11:14PM (#31748726)
Niels Bohr said, “There are trivial truths and there are great truths. The opposite of a trivial truth is plainly false. The opposite of a great truth is also true.” And indeed, every conversation is a web of many truths, all worth examining. Ponder upon it, and one day it shall set you free.
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Re:Coinbase lays off around 1,100 employees by googlryas on Wednesday June 15, 2022 @01:05AM (#31749309)
Sure, but for now, the San Jose pretty fairly counts as an old pile
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Re:Coinbase lays off around 1,100 employees by Apocryphon on Wednesday June 15, 2022 @12:19PM (#31755287)
And who knows what ancient secrets lurks within its hull
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