Bitcoin Digital Fools Gold – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

“There’s a lady who’s sure all that glitters is gold

And she’s buying a stairway to heaven” 

Robert Plant and Jimmy Page – Led Zeppelin – Stairway To Heaven

“Fool’s gold” is a common nickname for pyrite. It got this nickname because it’s practically worthless, but it has a look that deceives people into believing it’s real gold. With a little practice, there are many easy tests anyone can use to quickly tell the difference between pyrite and gold. The nickname “fool’s gold” has long been used by gold buyers and prospectors who were amused by enthusiastic fools who thought they had found gold. The ignorance of these fools caused many of them to lose their savings and fall into poverty.

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