Gold failed because the Romans couldn't pay soldiers and maintenance using the finite pot of supply.

This is merchantilsm.

However Gold hasn't failed in India or China. The USA also didn't fail with gold until Nixon moved off it in 1971.

You need fiat aka debt to facilitate growth (look at how the USA has boomed and developed since 1971)

After all, what are bitcoin treasury companies? They'll have an issuance of paper Bitcoin's aka lighting in order to facilitate growth 📈 but not bitcoin

Reply to this note

Please Login to reply.

Discussion

No replies yet.