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| Lucky fish | Last edit: 17/06/2022 01:17 |
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RiKD  United States. Jun 15 2022 03:39. Posts 8987 | | |
| | On June 15 2022 02:35 lostaccount wrote:
It is what it is
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What is gold used for better tech? |
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| Lucky fish | Last edit: 17/06/2022 01:17 |
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| Lucky fish | Last edit: 17/06/2022 01:17 |
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RiKD United States. Jun 15 2022 03:52. Posts 8987 | | |
Let's say an iPhone sized bar of gold is $5,000 USD (close to accurate). You have to get your buddy in Tokyo the equivalent of $5,000 USD as soon as possible. Are you going to wire it? Are you going to send $5,000 USD cash? Are you going to ship the iPhone sized bar of gold? Are you going to ship BTC? Are you going to do something else? |
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| Lucky fish | Last edit: 17/06/2022 01:18 |
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| Lucky fish | Last edit: 17/06/2022 01:18 |
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RiKD United States. Jun 15 2022 03:59. Posts 8987 | | |
You would rather money be backed by gold versus hyper-bitcoinization or something like that? |
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| Lucky fish | Last edit: 17/06/2022 01:18 |
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| Lucky fish | Last edit: 17/06/2022 01:18 |
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| | On June 15 2022 02:12 RiKD wrote:
Is it though? |
Gold is an excellent conductor and used to carry voltages on boards. It would be an extremely tiny amount though. |
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| Lucky fish | Last edit: 17/06/2022 01:19 |
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| Lucky fish | Last edit: 17/06/2022 01:18 |
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hiems United States. Jun 16 2022 20:11. Posts 2979 | | |
Dow / sp500 nearly back to pre-covid levels |
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| I beat Loco!!! [img]https://i.imgur.com/wkwWj2d.png[/img] | |
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RiKD United States. Jun 16 2022 20:28. Posts 8987 | | |
If you consider inflation? |
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RiKD United States. Jun 16 2022 20:39. Posts 8987 | | |
People are going to feel good about themselves if they are sitting on good gains, or sold at the right time, or bought at the right time. Which matters of course but all that matters now is what next? |
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| Lucky fish | Last edit: 17/06/2022 01:19 |
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RiKD United States. Jun 16 2022 23:53. Posts 8987 | | |
Yes, I do have a garden. It is a fun hobby. Cheers. I just grew some lettuce. It was pretty swell but the yield was not great. Got like 3-4 salads out of it. |
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Stroggoz New Zealand. Jun 19 2022 05:42. Posts 5329 | | |
| | On June 15 2022 02:59 RiKD wrote:
You would rather money be backed by gold versus hyper-bitcoinization or something like that? |
Money is backed by trust, not gold or bitcoins. It used to be backed by gold because of how the banking system evolved, but eventually, people realized you don't need to do that. If there's a huge run on the bank, no bank is going to start digging into some gold supply stored away in a vault. They are going to ask the government for a stimulus package.
Gold is only really useful if society collapses and people need something to barter with. But then again you could use any number of alternatives. |
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| One of 3 non decent human beings on a site of 5 people with between 2-3 decent human beings | Last edit: 19/06/2022 05:51 |
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Stroggoz New Zealand. Jun 19 2022 05:54. Posts 5329 | | |
Corporate America is being increasingly attacked by the ransomware industry. I wouldn't expect crypto to be looked favorably by those in power if Russians continue to evade detection by having their ransom money get paid in crypto.
Also hilarious that people are trying to sue celebrities for hyping up crypto. What a clown fest this is.
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| One of 3 non decent human beings on a site of 5 people with between 2-3 decent human beings | Last edit: 19/06/2022 06:07 |
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