Re:The older generation of crypto investors benefiting from ...
by elmerfud on Saturday November 30, 2024 @07:56AM
(#42281336)
But we do have many processes by which gold is destroyed in a way that is unrecoverable or significantly more expensive to recover to make it not viable. We also have government to devaluing gold by not adopting the gold standard and adopting the "full faith and credit" standard instead. So I think this analogy can still apply.
No modern country has any real backing to its currency besides bullets.
Re:The older generation of crypto investors benefiting from ...
by worksonmymach on Saturday November 30, 2024 @10:42PM
(#42286007)
Sure. Very few elements can be man made in interesting quantites. Matter itself holds an inordinate amount of energy through E=MC2. There is no alchemy that can produce dog poo from hydrogen, for example.
There is also no way to break Dogecoin or other canine related coins.
Therefore dog poo and japanese dog shitcoins fall under the same category as your argument, whatever it is you are arguing.
So far, we have not detected the effect of someone who can turn lead into gold. Nor have we detected a breakthrough in SHA256 speed.
So far, we have not detected an ambient process in which gold corrodes away in storage. Nor have we detected a crack in SHA256.
The best information about any of those phenomena is that, as President, Donald Trump had access to what NSA knew about gold and SHA256.