Re:Bitcoin Falls Below $400
by Houshalter on Thursday April 10, 2014 @09:57PM
(#7570852)
Electronics are a new thing, for most of history it was primarily used as money. I also don't think the majority of it's value comes from jewelry.
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It was used as money because of its ornamental value and it derived its ornamental value from its inherent properties, for instance the fact that it doesn't perish,rust or degrade.
A cursory read of history would show that jewelry/ornaments are huge factor in the historical value of gold.