Bitcoin’s Last Stand
ecb.europa.eu"It does not generate cash flow (like real estate) or dividends (like equities), cannot be used productively (like commodities) or provide social benefits (like gold)."
What are the social benefits that gold provides?
Civilizations throughout history have equated gold as beautiful.
Gold is also used for real world applications.
Sure gold is definitely a commodity. It is a precious metals and considered beautiful. Jewelry could be made from anything and is also a commodity. Those aren't socially beneficial objects, such as a public library, public wash rooms, crisis centers or soup kitchens.
What would we socially gain from a mountain of gold in the middle of a city? Does this even have a social benefit?
It has more benefit than Bitcoin. Again, gold is used in real world applications.
Does it refer to the history of gold standards? I don't understand either.
I think they talking about jewellery and the like
This seems like a big callout