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<blockquote data-quote="catstalking" data-source="post: 5780683" data-attributes="member: 50268"><p>i asked my Krugerrand in front me what it's value is, but it's not saying much</p><p></p><p>value by definition is what we humans assign as a worth to something</p><p></p><p></p><p>first off this isn't entirely true, the denominated value for physical gold varies country by country it's just no one can take advantage of the arbitrage because it's too heavy and slow to move</p><p></p><p>second, the point your making is the same for Bitcoin and other high-volume commodities with low arbitrage; basically Bitcoin does exactly what gold promises to do, but faster and with a trustless system that anyone can use</p></blockquote><p></p>
[QUOTE="catstalking, post: 5780683, member: 50268"] i asked my Krugerrand in front me what it's value is, but it's not saying much value by definition is what we humans assign as a worth to something first off this isn't entirely true, the denominated value for physical gold varies country by country it's just no one can take advantage of the arbitrage because it's too heavy and slow to move second, the point your making is the same for Bitcoin and other high-volume commodities with low arbitrage; basically Bitcoin does exactly what gold promises to do, but faster and with a trustless system that anyone can use [/QUOTE]
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