AnonymousDeac
Well-known member
I'd argue first that yes, it does. People are buying gold watches and jewelry not as an investment, but because it looks very nice. That has utility value.I mean, it's not like gold is valued for its utility though
Second, the value of gold has been accepted for hundreds of years. Far less likely for everyone to decide in a day that gold is now worthless. That'd be very easy for Bitcoin.