On 2022-11-04 15:56, Tug Williams wrote: > > On 04/11/2022 15:24, Richard Guy Briggs wrote: > >Bitcoin or dollars are only valuable because enough people think they > >are. Gold does have other uses. > > Bitcoin are valuable only because enough people think they are. > > Dollars have value because millions of legal contracts require people to pay > or receive them in lieu of goods or services, so their value is real, backed > by the goods and services of our complex society. Dollars are an IOU from > society. When was the last time you were able to barter a few lines of code > for your weekly groceries? Inflation puts the lie to that. In a society with runaway inflation, barter is more useful. > Regarding gold, though it can be misplaced, it cannot be destroyed, at least > not by you or me. > > But I think we're drifting further and further away from Twitter / Mastodon > here... We're talking about value, any of which is ultimately perceived rather than real. Gold cannot be eaten. slainte mhath, RGB -- Richard Guy Briggs -- ~\ -- ~\ <hpv.tricolour.ca> <www.TriColour.ca> -- \___ o \@ @ Ride yer bike! Ottawa, ON, CANADA -- Lo_>__M__\\/\%__\\/\% Vote! -- <greenparty.ca>_____GTVS6#790__(*)__(*)________(*)(*)_________________ To unsubscribe send a blank message to linux+unsubscribe [ at ] linux-ottawa [ dot ] org To get help send a blank message to linux+help [ at ] linux-ottawa [ dot ] org To visit the archives: https://lists.linux-ottawa.org