Hacker News Reader

Civilizations throughout history have equated gold as beautiful.

Gold is also used for real world applications.

Sure gold is definitely a commodity. It is a precious metals and considered beautiful. Jewelry could be made from anything and is also a commodity. Those aren't socially beneficial objects, such as a public library, public wash rooms, crisis centers or soup kitchens.

What would we socially gain from a mountain of gold in the middle of a city? Does this even have a social benefit?

It has more benefit than Bitcoin. Again, gold is used in real world applications.

Does it refer to the history of gold standards? I don't understand either.

I think they talking about jewellery and the like

Bitcoin’s Last Stand