FLASH's avatar
FLASH flash@primal.net 10 hours ago
โšก๏ธ๐Ÿ„ FACT - For 5,000 years, the story goes, one good cow has been worth about one ounce of gold... Mesopotamia, Rome, the Viking Age: that is the claim. In 1926, a productive cow cost about $22 and a $20 gold piece held almost an ounce... Today, an auction cow is $4,000-5,000 and gold is sitting near $4,300. Source: CIG (TG), Rational Ranchers (YT)
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Replies (26)

Dissident Sound's avatar
Dissident Sound 10 hours ago
in the end the cost of both gold and cows comes down to energy required to mine or grow them ... HOWEVER that is only true if anybody NEEDS them ... people need cows. gold is needed for some applications. the need for bitcoin is rather questionable.
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โ˜ ๏ธ แ—žแ”‡แ•ชแžแ’„ แ‘ญแ‘Šแ”‡แžแฉแ•ช โ˜ ๏ธ's avatar
โ˜ ๏ธ แ—žแ”‡แ•ชแžแ’„ แ‘ญแ‘Šแ”‡แžแฉแ•ช โ˜ ๏ธ dreadpirate@nostr.lol 10 hours ago
Idgaf about bitcoin. Cows are more important. The only reason gold is valuable is that it is a metal of peace and prosperity. It's too soft to use as a weapon so it was only used for ceremonial and status visages. It was fought over forever not because of it's practical usages, but for the status it proclaimed once won. These days though, it's useful as a conductor. That's about it. Apparently, the Annunaki have pretty much taken it all from the powers that shouldn't be to revive the atmosphere on Planet Nibiru though, so it shouldn't be a problem very soon. Bitcoin and privacy crypto is just a way to flex your IQ before you die and leave later generations to fight over the same problems. Anyways, I love you.
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Dissident Sound's avatar
Dissident Sound 10 hours ago
no that's not what the value of Gold is Gold is a "noble" metal, which means it DOESN'T RUST same for Platinum such metals are rare and have unique uses from electronics to dentistry making them valuable however their value has probably been blown out of proportion by people using them as a hedge against inflation etc.
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