RE: Gold Is Useless

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Gold Is Useless

in gold •  7 years ago  (edited)

Stage 1: Hunter & gatherer societies
Stage 2: Agriculture societies
Stage 3: Industrial societies
Stage 4: Information societies (now)

Reason that I still didn't buy into "precious" metals for so long. Although certain physical materials are still required to develop stuff, information itself is driving the industry towards source substitutes.

Edit: although if you think about it, most cryptos are becoming like plastics of the industrial revolution.

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  ·  7 years ago (edited)

Indeed, but in every industry we always get showered by many versions before we settle to the ones that matter.

Yeap.. speculating, the ability to becoming disconnected might become very very valuable in the future, and this would require highly curated and on-point information.

Indeed, this is why privacy coins will start to gain more and more value

Beautifully fucking illustrated.

Stage 5: Hunter and gatherer societies (future) - fixed it for you