RE: Is Bitcoin a Fiat Currency?

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andrejcibik (65)in #cryptocurrency • 7 years ago (edited)

10% of new gold is used in microchips and connectors. Thats its intrinsic value. Other than that its useless.

7 years ago in #cryptocurrency by andrejcibik (65)

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taskmaster4450 (78) 7 years ago

And I am going to guess the use of it in microchips and connectors is not worth $1300 an ounce.

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andrejcibik (65) 7 years ago

Price is the same for everyone. Im not sure, how pure is the gold they use, but price is the same.

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