Post
Topic
Board Bitcoin Discussion
Re: Intrinsic value of Bitcoin and Gold
by
Fundamentals Of
on 15/02/2021, 11:49:21 UTC
yeah , but if gold collapses ,you still have something in your hand.
Better than a seed of 24 words and a Ledger nano S .

Why does it matter that "you still have something in your hand"? If it does collapse for whatever reason, you might as well just have a typical rock. It's not like gold is going to be more useful just because it's shinier.

And that is indeed the reason why gold became something in the eyes of humanity. Its being shiny remains forever. It does not corrode. It is beautiful, although I think its beauty is partially due to the fact that it is somewhat scarce. Not to mention its malleability and ductility which makes it precious even in technologies. But if it collapses then everything will be gone as well. No better than a 24-word seed and a Ledger Nano S.