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Douglas_Knight 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: Vaniver 01 April 2015 06:48:09PM 1 point [-]

But they haven't yet gotten to the point of indistinguishable at gem sizes.

Synthetic diamonds maybe, but synthetic rubies were around a hundred years ago, and even with diamonds it seems clear that it's only a matter of time (if we're not already there). I hear that synthetic emeralds are actually preferred to natural emeralds for jewelry because they're significantly prettier.

Comment author: Douglas_Knight 02 April 2015 06:05:59AM 1 point [-]

Big nice rubies were produced a hundred years ago, but I'm pretty sure that even today they are distinguishable. It's just a matter of time, yet the prices do not seem to reflect that. And that's not just an illusion of jeweler's markup, but resale value.