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Hanshan · 3w
sorry me again In the real world *people hold the thing they know they can exchange for stuff* that they need. Holding money as a speculative investment, ie for the NGU, is great if you can. But it i...
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Johnny @thejohnnycrypto
@Hanshan the sequence is where i would push back. gold and silver got saved long before they circulated widely, because people have to trust a thing holds value before they will take it as payment. what throttles bitcoin's spending side today is capital gains reporting and clunky tooling.
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Hanshan · 3w
All evidence to the contrary We dont use USD because it holds value, we use it because we can exchange it for the stuff we need. Gold and silver were certainly used for settling debts, but the VAST majority of "in the real world" transactions were done with dozens of varied different coins made fr...