Funds of every Trust Wallet browser extension could have been stolen

Re:Funds of every Trust Wallet browser extension could have ... by mrkstu on Monday May 01, 2023 @09:25AM (#35772483)

They (i.e. materials like gold/silver) have inherent value as being relatively difficult to obtain without significant work and being useful in creating valuable objects.

Because of those properties they become a store of value (representing the work and rarity) which then makes them a useful proxy for trading that value, which increases their rarity/value by taking it out of circulation when used as a store of value.

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Re:Funds of every Trust Wallet browser extension could have ... by Robotbeat on Monday May 01, 2023 @10:27AM (#35773226)

Still, it should be said the vast majority of the value of gold is contextual. Just like aluminum before we perfected ability to make it cheaply.

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Re:Funds of every Trust Wallet browser extension could have ... by codedokode on Monday May 01, 2023 @10:59AM (#35773704)

Can we conclude that gold is similar to cryptocurrency because of this?

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Re:Funds of every Trust Wallet browser extension could have ... by mrkstu on Monday May 01, 2023 @12:32PM (#35775211)

As a store of work, sure,

The difference being the currency in this case has no inherent value to fall back upon.

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Re:Funds of every Trust Wallet browser extension could have ... by nailer on Monday May 01, 2023 @12:54PM (#35775592)

Why do precious metals have inherent value?

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