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Lumifer comments on Bitcoin value and small probability / high impact arguments - Less Wrong Discussion

4 Post author: vbuterin 31 March 2015 04:48PM

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Comment author: Lumifer 01 April 2015 04:05:08PM 0 points [-]

They haven't stopped being treasure.

I am not sure. They haven't stopped being high-status jewelry, but I don't know if they're still a store-of-value.

Comment author: Douglas_Knight 01 April 2015 05:54:10PM 1 point [-]

If you don't know, don't make shit up.

Comment author: Lumifer 01 April 2015 06:00:34PM 0 points [-]

Do you happen to know? People still buy gold as an investment / store-of-value. Does anyone buy rubies and sapphires as an investment / store-of-value nowadays?

Comment author: Douglas_Knight 01 April 2015 06:33:12PM 0 points [-]

I don't know what people do or what they ever did, but I do know what I said: the effect on the market price of high-end gems has been zero.

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