WhiteRabbit on Nostr: The thing that really bothers me about gold is it’s betting on a regression for ...
The thing that really bothers me about gold is it’s betting on a regression for humanity. Gold fixes nothing in a world today that deals in commerce across space. At the end of the day golds best hope is we regress back to a trust model of “gold backed” fiat because gold is completely impractical for commerce as we know in the 21st digital century. It’s like begging to make the same mistakes we’ve already learned from and I personally find it incredibly depressing to think we go back to a standard where we have to trust an asset already paper traded 200-250:1 isn’t going to end up in catastrophe again. Bitcoin is truly our only hope.
Published at
2023-12-04 00:58:24Event JSON
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"content": "The thing that really bothers me about gold is it’s betting on a regression for humanity. Gold fixes nothing in a world today that deals in commerce across space. At the end of the day golds best hope is we regress back to a trust model of “gold backed” fiat because gold is completely impractical for commerce as we know in the 21st digital century. It’s like begging to make the same mistakes we’ve already learned from and I personally find it incredibly depressing to think we go back to a standard where we have to trust an asset already paper traded 200-250:1 isn’t going to end up in catastrophe again. Bitcoin is truly our only hope.",
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