Since diamonds can easily be industrially synthesized, it's not a finite resourc... | Hacker News

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olouv on Dec 6, 2013 | parent | context | favorite | on: Bank of America's Research Report on Bitcoin [pdf]

Since diamonds can easily be industrially synthesized, it's not a finite resource nor a good example for bitcoin, the usual analogy is digital gold.

thaumasiotes on Dec 6, 2013 [–]

Diamonds can be synthesized by well-understood processes, but "easily" might be pushing things a little; synthetic diamonds aren't (just) expensive because of the artificially high price for natural ones.

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