Celsius Execs Cashed Out $40M in Crypto Before Halting Withdrawals for Customers

Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by smachiz on Thursday October 06, 2022 @02:59PM (#33112476)

Gold is not, and has never been, immune to forgery. Science has made it harder, but still happens all the time. See: gold plating, gold alloys, etc.

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Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by notch656a on Thursday October 06, 2022 @06:00PM (#33114660)

I'm not aware of any way to actually increase the total amount of real gold in/on the earth in any meaningful way in an ECONOMICAL matter (i.e. you have a net positive income from producing it). The government can make more REAL MONEY for far less than the value of the money.

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Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by smachiz on Thursday October 06, 2022 @07:40PM (#33115608)

That’s not forgery. That’s inflation.

You only get a net positive income for producing gold if the price is higher than the cost of production.

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