Damus
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...
Jan Hus profile picture
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....
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Aldocstr · 1w
I have read there are tons of gold buried in the Russian tundra, and in the oceans, each major deposit discovered would technically reduce the value. I assume this would happen if the price kept rising and it would be worth going after that gold. Technology will probably improve as well to find more...
Standard Sats · 1w
Going back to a gold standard is like going back to riding horses and carts in this automobile era. God is not easily divisible, moveable across space and time, can easily be counterfeited (hence requiring trusted verifiers). Even if the central banks decide to use it as reserve asset backing thei...