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Reason: asddfg

You're confused about a few things:

  1. Crypto has no intrinsic value. A digital token in an extremely slow and inefficient database is fundamentally worthless. Same goes for the dollar since it went off the gold standard in 1971. Anything you can conjure out of thin air by the trillions is worthless.

  2. Gold is different. It has value thanks to its unique combination of physical properties that make it the closest thing to a theoretically perfect money the world has ever seen. You can't print gold or change any of its properties which is why it's retained its value for at least 6000 years. Like JP Morgan said: "Money is gold, and nothing else."

  3. Everything else has value thanks to its utility: a house you can live in, land you can farm or build on, a stock gives you a share of a company's productivity, etc.

In the short term the system works on trust but in the long term it always resets back to fundamental value which is why all fiat currencies die within about fifty years and why crypto is imploding to nothingness.

2 years ago
1 score
Reason: asddf

You're confused about a few things:

  1. Crypto has no intrinsic value. A digital token in an extremely slow and inefficient database is fundamentally worthless. Same goes for the dollar since 1971. Anything you can conjure out of thin air by the trillions is worthless.

  2. Gold is different. It has value thanks to its unique combination of physical properties that make it the closest thing to a theoretically perfect money the world has ever seen. You can't print gold or change any of its properties which is why it's retained its value for at least 6000 years. Like JP Morgan said: "Money is gold, and nothing else."

  3. Everything else has value thanks to its utility: a house you can live in, land you can farm or build on, a stock gives you a share of a company's productivity, etc.

In the short term the system works on trust but in the long term it always resets back to fundamental value which is why all fiat currencies die within about fifty years and why crypto is imploding to nothingness.

2 years ago
1 score
Reason: asddgf

You're confused about a few things:

  1. Crypto has no intrinsic value. A digital token in an extremely slow and inefficient database is fundamentally worthless. Same goes for the dollar since 1971. Anything you can conjure out of thin air by the trillions is worthless.

  2. Gold is different. It has value thanks to its unique combination of physical properties that make it the closest thing to a theoretically perfect money the world has ever seen. That's why it's been valuable for at least 6000 years and why that's not going to change.

  3. Everything else has value thanks to its utility: a house you can live in, land you can farm or build on, a stock gives you a share of a company's productivity, etc.

In the short term the system works on trust but in the long term it always resets back to fundamental value which is why all fiat currencies die within about fifty years and why crypto is imploding to nothingness.

2 years ago
1 score
Reason: SDDF

You're confused about a few things:

  1. Crypto has no intrinsic value. A digital token in an extremely slow and inefficient database is worthless. Same goes for the dollar since 1971. Anything you can conjure out of thin air by the trillions is worthless.

  2. Gold is different. It has value thanks to its unique combination of physical properties that make it the closest thing to a theoretically perfect money the world has ever seen. That's why it's been valuable for at least 6000 years and why that's not going to change.

  3. Everything else has value thanks to its utility: a house you can live in, land you can farm or build on, a stock gives you a share of a company's productivity, etc.

In the short term the system works on trust but in the long term it always resets back to fundamental value which is why all fiat currencies die within about fifty years and why crypto is imploding to nothingness.

2 years ago
1 score
Reason: asddf

You're confused about a few things:

  1. Crypto has no intrinsic value. A digital token in an extremely slow and inefficient database is worthless. Same goes for the dollar since 1971. Anything you can conjure out of thin air by the trillions is worthless.

  2. Gold is different. It has value thanks to its unique combination of physical properties that make it the closest thing to a theoretically perfect money the world has ever seen. That's why it's been valuable for at least 6000 years and why that's not going to change.

  3. Everything else has value thanks to its utility: a house you can live in, land you can farm or build on, a stock gives you a share of a company's productivity, etc.

In the short term the system works on trust but in the long term it always resets back to fundamental value, which is why all fiat currencies die within about fifty years and why crypto is imploding to nothingness.

2 years ago
1 score
Reason: Original

You're confused about a few things:

  1. Crypto has no intrinsic value. A digital token in an extremely slow and inefficient database is worthless. Same goes for the dollar since 1971. Anything you can conjure out of thin air by the trillions is worthless.

  2. Gold is different. It has value thanks to its unique combination of physical properties that make it the closest thing to a theoretically perfect money the world has ever seen. That's why it's been valuable for at least 6000 years and why it's not going to change.

  3. Everything else has value thanks to its utility: a house you can live in, land you can farm or build on, a stock gives you a share of a company's productivity, etc.

In the short term the system works on trust but in the long term it always resets back to fundamental value, which is why all fiat currencies die within about fifty years and why crypto is imploding to nothingness.

2 years ago
1 score