Re:Bitcoin and positive vs. normative economics
by eli_gottlieb on Sunday December 29, 2013 @07:14AM
(#6979346)
>So gold was used extensively 2000-3000 years ago. Exactly what was its intrinsic utility then?
Well, usually, the intrinsic utility of gold and silver was that they could be used as jewelry and/or used as instruments of worship. Most bullion money has evolved from substances considered divine.
Well, usually, the intrinsic utility of gold and silver was that they could be used as jewelry and/or used as instruments of worship. Most bullion money has evolved from substances considered divine.
Remember the Golden Calf?