I would bet they will push for a Gold Exchange Standard. Not true hard money, which will lead to the same place as before: Over printing, then refusing to honor their gold commitments "temporarily", putting everyone back on the same fiat rollercoaster.
The lesson that needs to be pushed with Bitcoin is that people can not trust those with that much power I've money supply to be faithful actors. Bitcoin fixes gold's salability across space problem, and all the associated evils that come with it.
When someone brings up gold. I always laugh and tell them: Sure you just have to trust big banks and government, I'm sure they've learned their lesson this time.
mindfully foolish / Armchair Intellectual
npub1d3…myenz
2023-02-18 18:29:48
in reply to nevent1q…7dum
Author Public Key
npub1d3pxqe6vv56eay30kd2d4jws75d8r75j5zxzu8vd68czstc9s0vqjmyenzPublished at
2023-02-18 18:29:48Event JSON
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"content": "I would bet they will push for a Gold Exchange Standard. Not true hard money, which will lead to the same place as before: Over printing, then refusing to honor their gold commitments \"temporarily\", putting everyone back on the same fiat rollercoaster. \n\nThe lesson that needs to be pushed with Bitcoin is that people can not trust those with that much power I've money supply to be faithful actors. Bitcoin fixes gold's salability across space problem, and all the associated evils that come with it.\n\nWhen someone brings up gold. I always laugh and tell them: Sure you just have to trust big banks and government, I'm sure they've learned their lesson this time. ",
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