Re:Former US SEC attorney: 'Get out of crypto platforms now'
by tasuki on Wednesday June 21, 2023 @02:55PM
(#36422747)
That ratio is a somewhat arbitrary thing. Who says it's a good measure?
For gold, perhaps 20% of its value is its actual use and 80% is for the scarcity. For bitcoin it's 0% for actual use and 100% of the price is its scarcity.
When you look at it like this, the difference between gold and bitcoin is not nearly as dramatic.
For gold, perhaps 20% of its value is its actual use and 80% is for the scarcity. For bitcoin it's 0% for actual use and 100% of the price is its scarcity.
When you look at it like this, the difference between gold and bitcoin is not nearly as dramatic.