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1. colesantiago · 1789644775 · focus · HN ↗

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   1. AIiscoming · 1789644980 · focus · HN ↗

      True and its also not compareable to gold.

      But as long as others giving you real money for this garbage, it would be better to use it for a project like neovim :)

      1. Roark66 · 1789649681 · focus · HN ↗

         Well the "non comparability" to gold has to do with the fact you need a functioning network to spend (good luck verifying a key by hand with a calculator). You can spend gold even when you're transacting with the last person on earth.

         However the value is as much as people agree to value it and for a typical person both have little utility. Maybe BTC has even more utility because it facilitates remote transfers of value very easily.

         So as long as the network exists there is intristic value in BTC. I believe more than one can say about gold.

         Still, a good portfolio will contain both gold (in small coins likely as a kind of "war hedge") and BTC as a kind of hyperinflation hedge.

         1. eru · 1789651203 · focus · HN ↗

            > You can spend gold even when you're transacting with the last person on earth.

            Not really. Try using gold in retail.

            1. itintheory · 1789651862 · focus · HN ↗

               Goldbacks have entered the chat. [0]

               [0] <a href="https:&#x2F;&#x2F;www.goldback.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.goldback.com&#x2F;

               1. eru · 1789652067 · focus · HN ↗

                  My local coffee shop only takes long government currency.

                  My bank already allows me to keep my bank account money in stocks and sells units whenever I spend. (We have no capital gains tax here, so this is less insane than it sounds.)

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