Re:Is This the End of Crypto?
by randomdata on Thursday November 17, 2022 @03:44PM
(#33645379)
> Sure, if we pretend that gold stops having ANY use outside of being pretty
I fail to see the purpose of this 'pilot amor'. There is no reason why gold would stop being useful beyond being pretty. This fiction you've come up with doesn't even make any sense and certainly has no relevance to the discussion.
However, that doesn't mean there is always a user available. When we saw the price of oil go negative there were still just as many uses for oil as there ever was, but for various reasons there weren't buyers in that moment. Gold is not immune to the same.
In case you are still confused, let me be clear: Price and value are not the same thing.
I fail to see the purpose of this 'pilot amor'. There is no reason why gold would stop being useful beyond being pretty. This fiction you've come up with doesn't even make any sense and certainly has no relevance to the discussion.
However, that doesn't mean there is always a user available. When we saw the price of oil go negative there were still just as many uses for oil as there ever was, but for various reasons there weren't buyers in that moment. Gold is not immune to the same.
In case you are still confused, let me be clear: Price and value are not the same thing.
> IOW, stop posting fiction.
Sage advice.