ForrestHODL
· 1w
Bitcoin is not digital gold.
Gold was mentioned twice in the white paper in relation to how new Bitcoin is created, and how it is similar to how gold is added to the market.
https://youtu.be/6Eczl2J...
It's also not like a stock, and more like gold, as it is not a productive asset. without market value fluctuation, both bold and cryptos aren't producing value. Maybe it's good to have such a thing.
But the bigger question, I would like people to ponder on... if we were given the chance to restore the gold standard in its full glory... shall we immediatly accept? I mean, its easy to say it would be better than now. but is it really the best way ?
There is a branch of philosophical economy, and market macro-economics that's worth thinking a little longer.
In my mind we can do better. And not simply go back to a previous state....