But if that was all we used it for, the price of gold would be a tine fraction of what it is
That’s intrinsic value.
But if that was all we used it for, the price of gold would be a tine fraction of what it is
That’s intrinsic value.
Gold and diamonds have intrinsic value
Gold is needed for computer parts, and diamonds are used for cutting
They are more than just shiny
Their value will “never” hit 0 (Bitcoin would be worthless without gold for computers)
Yes, we could find substitutes in the future, but for the substances to not be useful somehow is so low and would have to be an apocalyptic scenario. And in an apocalypse, gold could even be worth more.
Rapeseed (Brassica napus subsp. napus), also known as rape and oilseed rape and canola, is a bright-yellow flowering member of the family Brassicaceae (mustard or cabbage family), cultivated mainly for its oil-rich seed, which naturally contains appreciable amounts of mildly toxic erucic acid.[2] The term “canola” denotes a group of rapeseed cultivars that were bred to have very low levels of erucic acid and which are especially prized for use as human and animal food. Rapeseed is the third-largest source of vegetable oil and the second-largest source of protein meal in the world.[3][4]
Brassica napus subsp. napus is the proper name. Everything else is slang and not worth arguing about.
We call it Sunflower Oil
We call it Rapeseed Oil
Not Rape Seed Oil
Rapeseed
Would be similar to other plant names like Daisy, Rose, Iris, Poppy, Lily, Holly, Petunia
I get that
I wouldn’t buy diamonds or gold hoping they increase in price just as much as I wouldn’t buy bitcoin to do the same.
If you offered me 1USD in Gold, Diamond, or Bitcoin.
I would take the gold. It has the most intrinsic value.
The probably that gold hits 0USD is less than bitcoin hitting 0USD.
The only reason you’d take bitcoin is if you think that it has a higher ceiling. Intrinsic value is the floor. But that is gambling