90% percent of gold is used in jewelry or bars so use value isn't that much unle... | Hacker News

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kedihacker 4 months ago | parent | context | favorite | on: How Monero’s proof of work works

90% percent of gold is used in jewelry or bars so use value isn't that much unless price is prohibiting use cases.

grey-area 4 months ago | [–]

Jewellery is a use for gold, people like it because it is pretty and shiny and easily worked not just because it is rare.

The artificial scarcity and lack of actual use of bitcoin really isn’t the same.

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