Agent641
@Agent641@lemmy.world
- Comment on You didn't grow up yet, till you choose your power grain, what is yours? 4 days ago:
Dessert too, and drink. Rice cream and horchata
- Comment on What R your plans for Christmas? 4 days ago:
Apollo I8
- Comment on Is gold investing a scam? 4 days ago:
Lots of things can be used as currency. Gold was the PG because it is scarce, takes work to mine, is finite(ish), it doesn’t tarnish or corrode in air or salt water, isn’t attacked by acids except agua regia, meaning it doesn’t degade over time. It’s a really good medium for labor-value.
Problem is, it’s also a useful metal now, in semiconductors and electronics, so now it is being ‘consumed’ by industry in a way that isn’t readily recoverable except at product end of life, and even then it’s not 100% recycled, probably more like 10%.
So the global supply increases due to work mining, decreases due to consumption as a commodity, and is still treated as a currency equivalent.
Solid gold is easy to store, and will survive calamities, bank collapses, fires, floods, ect where other intrinsic value items don’t.
So it’s a good investment if you believe that you will survive the deletion of society, AND you believe that it will be tradeable post-collapse. Or if you just treat it like a commodity.
But post-collapse, gold isn’t intrinsically useful. In these events, other useful, consumable goods might be better for goods and labour exchange. In the early Australian colonies, there was no money, people bought, sold and got paid in rum.
Rum is a reasonable value holder, it can be preserved against degrading, it is ‘fungible’ and divisible in a way that gold coins arent.
Dried grains are a good currency too. Maize, wheat berries, etc, as long as you accept that your value will be contually consumed and replenished.
Whether a thing has value is largely determined by whether the society you end up in decides it has value.
The indigenous Australians would happily trade a gold nugget for rum or rope or steel tools, because their society had no use for gold, but did have use for steel.
Disclaimer: The only gold I own is in my phone and computer.
- Comment on How do you sleep at night? Please respond with a number 5 days ago:
15, (I’m a dude)
- Comment on Women would rather do drugs than go to therapy 5 days ago:
The smell was unbearable.
- Comment on I Went All-In on AI. The MIT Study Is Right. 5 days ago:
I cannot understand and debug code written by AI. But I also cannot understand and debug code written by me.
Let’s just call it even.
- Comment on Good advice 5 days ago:
For me it was a life-changing friendship that I will cherish forever. For them, it was customer assistance finding an item in the storeroom.
- Comment on Good advice 5 days ago:
Just stop, eh?
- Comment on At least Wilson was gone by this point 5 days ago:
Is this some kind of extrajudicial drone killing meme that I’m too humanrightspilled to understand?
- Comment on Trump wants the NFL to change its name so that soccer is the only sport called football: ‘We have to come up with another name for the NFL stuff’ 1 week ago:
Three strikes on the end zone, and the goalie is out!
- Comment on Pedo planet 1 week ago:
A pedometer measures children too.
- Comment on How Lemmy users feel when they delete their Reddit account 1 week ago:
People might pay me to put my clothes back on
- Comment on RAM is so expensive, Samsung won't even sell it to Samsung 1 week ago:
Ah, so it’s the 2020 toilet paper crisis all over again, but with RAM
- Comment on How Lemmy users feel when they delete their Reddit account 1 week ago:
Nah we Jerboa users have a secret webring and mailing list, because we are elite.
- Comment on How Lemmy users feel when they delete their Reddit account 1 week ago:
I’m not deleting mine, but I haven’t used it since they killed RiF.
I might need a very high karma, very old Reddit account at some point in the future… For reasons…
- Comment on Getting too expensive 1 week ago:
Cats are a reliable commodity
- Comment on Getting too expensive 1 week ago:
What about people who can’t work? The disabled, elderly, sick, infirm, injured, heavily pregnant women, and people with mental illness?
- Comment on Half of the US Now Requires You to Upload Your ID or Scan Your Face to Watch Porn 1 week ago:
Orange Fanta is so expensive these days
- Comment on ‘End-to-end encrypted’ smart toilet camera is not actually end-to-end encrypted 1 week ago:
Co-op or PvP?
- Comment on Half of the US Now Requires You to Upload Your ID or Scan Your Face to Watch Porn 1 week ago:
People will just start making their own porn in their bathtubs
- Comment on Crucial is shutting down — because Micron wants to sell its RAM and SSDs to AI companies instead 1 week ago:
I bought a fairly good custom build in April of this year for A$3218.
The same approximate build now costs A$4783 on their website.
- Comment on Crucial is shutting down — because Micron wants to sell its RAM and SSDs to AI companies instead 1 week ago:
And it will burst and mostly disappear, taking with it half the economy, thousands of jobs, and become a military industrial complex blackbox tax sponge, the worst of all possible outcomes.
- Comment on The Algorithm That Detected a $610 Billion Fraud: How Machine Intelligence Exposed the AI Industry’s Circular Financing Scheme 1 week ago:
I think I understand. Can… Can I have the $5 now please?
- Comment on As of December 10th, You need to be sixteen to use Aussie.Zone 1 week ago:
No, you don’t have permission to turn 16
- Comment on As of December 10th, You need to be sixteen to use Aussie.Zone 1 week ago:
Will you accept a picture of two eight year olds?
- Comment on Nature 1 week ago:
Thanks green Daria!
- Comment on You just couldn't wait for the real thing 1 week ago:
Is there anything meth can’t fix!
- Comment on What life hack helped you this year? 1 week ago:
You’re not a true beer connisuer unless you wake up positively shaking with excitement about having your next beer.
- Comment on same shit every day, on god 1 week ago:
Everybody who has been exposed to dihydrogen monoxide is expected to die at some point.
It’s in schools, hospitals, and even beer.
- Comment on same shit every day, on god 1 week ago:
Molten ice.