The #Gold Standard failed because of the ability of coin clipping, the difficulty of verifying gold holdings, the bulky and costly transportation and because of a few governments that controlled the entire gold supply.
#Bitcoin fixes all of it. CarlBMenger (npub10wv…v22x)
The Big Gunt / Satoshis Nephew
npub1r9…4twmh
2024-07-02 20:30:16
Author Public Key
npub1r9rkzmcv3qqw2lz8u8pkxd5djnvm40khzcehdryu9405spjhe2hs54twmhPublished at
2024-07-02 20:30:16Event JSON
{
"id": "d4388ef8f6b1918cb4c1e5666516bbae3339e19bf1979a19532564db10ad99bb",
"pubkey": "1947616f0c8800e57c47e1c363368d94d9babed71633768c9c2d5f480657caaf",
"created_at": 1719952216,
"kind": 1,
"tags": [
[
"t",
"gold"
],
[
"t",
"bitcoin"
],
[
"p",
"7b991f776d04d87cb5d4259688187a520f6afc16b2b9ad26dac6b8ee76c2840d"
]
],
"content": "The #Gold Standard failed because of the ability of coin clipping, the difficulty of verifying gold holdings, the bulky and costly transportation and because of a few governments that controlled the entire gold supply.\n\n#Bitcoin fixes all of it. nostr:npub10wv37amdqnv8edw5yktgsxr62g8k4lqkk2u66fk6c6uwuakzssxsf4v22x",
"sig": "695929d837c782e4beda853519dc720d3de1925e71edb98ef4669ea01f3cc91b059b0c72cd9f2285efdf84c2661271127c6b1d4b9d021b98dd3233a61e287cdc"
}