0 sats \ 5 replies \ @siggy47 2 Dec 2023 \ parent \ on: Btc privacy tradeoffs, overt and covert bitcoin
It's not an issue of preference. American Eagles and Maple Leafs are coins. You pay a premium for design- if they look pretty. The ugliest looking once ounce Krugerrand and a beautiful Eagle are the same value when melted down. You're discussing jewelry premium.
They are physically not the same when melted down. The melt value of an American eagle is lower than the melt value of a maple because eagles are watered down (American Eagles contain 91.67% gold, 3% silver, and 5.33% copper, whereas a Canadian maple is 99.99% pure gold)—and yet somehow the manipulated gold market values the eagles higher.
Beauty is an arbitrary construct. My point is that anyone can think anything is more desirable and that can’t be fixed even with anonymous assets.
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I assume that the difference has something to do with increased confidence in the provenance of the thing, or the enthusiasm with which counterfeits are pursued, etc.
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An ounce of gold = an ounce of gold, like 1 btc = 1 btc. That's the real money calculation.
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I’d say that an ounce of gold is one ounce of gold minus assay and storage fees, but sure :)
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If we keep this up I'm going to download a wasabi wallet. I had better take a breath!
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