Damus
sourcenode · 1w
There are a number of correct answers to the question I asked, but the ability to counterfeit gold isn't one of them. In any case, I know we are both hoping for a better world through bitcoin adopti...
Josh profile picture
What you’re saying is bitcoins adoption and trade of nations is a theory. I agree.

What isn’t a theory is that gold was used for thousands of years: there was a purpose and reason. This is fact.

What obviously is the hope and implication is this can translate to bitcoin.
1
sourcenode · 1w
The story which Austrian economists point to regarding the history of monetary exchange often oversimplifies the role of gold in the market. The anthropological history of monetary adoption does show weak money being supplanted by hard money, but it doesn't show thousands of years of ubiquitous go...