Replying to 32bc1486...

nostr:npub1drgxr8g4cmldl3twkeujsayelez2h7wrjkp553h767s90sep5khstd7yxw nostr:npub1cf7vv3sqsm9978zpqc0rys8sl6w726wj2sjmzj87zcxnzl8mfjaslwkcss only one problem with this approach: the US dollar being de facto world's reserve currency which keeps it afloat, and frankly not doing bad at all given the circumstances (bidenomics and all), but that will only last for as long as other countries have trust in the US. And I'm not saying that the BRICS buck or whatever they want to call it will replace it, because, frankly, that thing will never be a thing, but Euro might, and then it's a real fat problem for American people.

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FourOh-LLC 2y ago

For a long time there was only precious metals, there was no legal tender printed on paper.

As the gold standard faded and the credit shit became dominant there was no blockchain.

Now we have the gold standard, cash, credit, and the blockchain as value stores.

My bet is on the gold standard again, with the blockchain replacing cash and credit.

I really like the idea of Defi, and I am not alone. Today I have dozens of wallets sitting around, and I can send you the link to some for you to see how much the asset in that wallet worth...

This is a brand new concept, replacing "credit" with "evidence" that at the time you looked the spending power was there.

Of course there are tons of problems with that, no doubt. But none of the problems I see are insurmountable.

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