[tuesdayrain]

>Even gold, at least I can wear it and display my wealth. You can’t even display your crypto wealth like that

I'd feel much safer displaying large sums of wealth online by posting a wallet than by wearing luxury goods in public.

[throwaway413]

Oh totally agree - someone can just pull a necklace right off you. I was just surfacing the point that at least gold does has some value on its own as a status symbol - there is a market for jewelry outside of gold as a transfer protocol. An bitcoin wallet without ability to transfer it is just some used up memory, it doesn’t have any value on its own. See coins going to 0 when exchanges close their doors. All the banks in the world could close and people would still find shiny rocks attractive and admirable. We have for thousands of years.

[bckr]

> someone can just pull a necklace right off you

I wonder if there's an argument to be made that nothing is of any real value unless there's also some risk of losing it.

e.g. you drop your apple in a gutter, or someone takes it from you, or it turns out to have a nice fat worm inside it

[jesushax]

Totally agree. For example, I have 10,000 SOL (Solana tokens) that I regularly screenshot and show off. It's all on devnet, though, so it's free and worthless.

It's the web3 version - in web 2 I'd be instagramming my knockoff Rolex I bought in Tijuana

[aaaaaaaaata]

Bad example.

Would you show off real SOL tokens of that qty?