Earlier quoted context omitted.
Well it dramatically decreases the efficiency of the monetary system (requiring 60 days of electricity and 1 iPad of e-waste to scribble a few bytes into the ledger every 10 minutes), and only one of the other assets you pointed out create value, the others are unproductive. Real estate is not a monetary asset, it's a productive asset - because people need a place to live and you can either live in a house yourself o…
This post is riddled with misconceptions, but I’m just going to focus on these because they’re probably the most productive places for you to start: > Real estate is not a monetary asset, it's a productive asset… Gold is a commodity, not a monetary asset. This is wrong. Any asset with monetary properties can (and will, in the right environments) be monetized. When the primary medium of exchange is inflationary, peopl…
That is not the definition of a monetary asset.
"A monetary item is an asset or liability carrying a value in dollars that will not change in the future. These items have a fixed numerical value in dollars, and a dollar is always worth a dollar. The numbers do not change even though the purchasing power of a dollar can potentially change." [1]
Words have meaning, so I guess I'm not 100% sure what you're talking about.
> Invocation of “intrinsic value” is a 100% surefire sign of a dysfunctional economic mental model.
[citation needed]