Quote from: larry_vw_1955 on June 21, 2024, 06:42:02 AM

Quote from: Iranus on June 21, 2024, 04:18:22 AM

If one day the demand for gold no longer exists, do you think it will still be valuable?

the chances of that happening are far closer to zero than the demand for bitcoin no longer existing. so why don't we just agree that your question is based on a faulty premise that the demand for gold could ever "no longer exist". As long as people exist, the demand for gold will exist. That's not the case with bitcoin. Read that sentence again!

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Also, you're claiming gold has uses because it's made into jewelry and used in certain industries...and bitcoin isn't?

gold is a byproduct of the universe. bitcoin is just a figment of our imagination. if all the computers went away, so would bitcoin. why do i even need to explain something like that though? Shocked

On what basis do you assert that the demand for gold will never go away, and that the demand for bitcoin will go away? Are you from the future or do you have a crystal ball? What evidence do you have to prove what you say will happen in the future? Or just pure guesswork like me or anyone else?
I don't like to hypothesize "if" because you also failed to acknowledge it when I hypothesized that gold will no longer be needed in the future. Likewise, the disappearance of computers will never happen.

Quote from: larry_vw_1955 on June 21, 2024, 06:42:02 AM

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So the fact that we use bitcoin as a payment method, a store of value...that's not a use case or uses, what do you call that?

i call that something that can be replaced with something else. what can you replace gold with?

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Because bitcoin cannot be touched with hands nor can it be used for jewelry like gold, it is considered useless and has no use case. Is that true in a world gradually digitizing everything we live in?

the chances of bitcoin ending up worthless are far greater than gold ever not having strong demand. make of that what you will.

now with all that said, i think bitcoin is an amazing invention but it could always be replaced by something else and probably will someday by something better. what are you going to replace gold with? silver?

You think bitcoin will be replaced, so what will replace bitcoin? To me, this world is very large and colorful, anything can happen, nothing is permanent.