Crypto is not immaterial, there is a digital (digital stuff exists in the real world, since it’s not fairy magic) copy of all Bitcoin transactions spread all around the world. Without the physical presence of nodes, bitcoin would not exist.
You might want to look up what immaterial means. You are very wrong in your assertion due to this misconception. You cannot hold a bitcoin in your hand because it is immaterial.
No there is no utility. You cannot do anything with crypto whereas I can make all sorts of stuff from gold as it is a real physical object.
Do you invest in gold? Does your pension plan?
No, and they might
If your pension plan does, it’s not real gold right? Who has it? Are you sure? Are the records transparent?
It’s held in reserve by a bank if they are invested directly in gold. Who is holding your crypto? Oh that’s right no one is.
Lololol no one is. Ok. God damn I guess I am going to get rich with arguments like this…
If your crypto is immaterial no one can hold it
Crypto is not immaterial, there is a digital (digital stuff exists in the real world, since it’s not fairy magic) copy of all Bitcoin transactions spread all around the world. Without the physical presence of nodes, bitcoin would not exist.
Also, Crypto does not equal Bitcoin.
You might want to look up what immaterial means. You are very wrong in your assertion due to this misconception. You cannot hold a bitcoin in your hand because it is immaterial.
All crypto is immaterial.