Gold's usefulness in electronics was not even remotely the basis of its value before electronics existed, though. It was valuable because it was scarce and because of the psychological aspect (it's shiny).
It was rare and, therefore, desirable and it immediately became a tradable commodity for imports. Elites had gold rings that would symbolize their social class.
Unlike tulips and seashells, it STAYED valuable over the test of time for the reason I cited.
Okay, and limited supply cryptos are far rarer than gold is.
So is your limited brainpower
It was rare and, therefore, desirable
Kinda like bitcoin.
Except not even close
It was rare and, therefore, desirable and it immediately became a tradable commodity for imports.
My dog's turds are much rarer than gold, yet rarity doesnt give them any value.
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