Is the US more likely to get back on the gold standard or adopt the bitcoin standard?
Discussion
All the nation states are trying gold now, which is a dead money. More time for plebs to stack.
Ive pondered this myself. I think a return to a hard money standard will be necessary. This will become too obvious to ignore. I think a gold standard vs bitcoin standard will be debated with bitcoin ultimately winning out. gold is far to cumbersome for our current society.
Some may use it as the "safehaven"
https://unherd.com/thepost/china-undermines-us-dollar-hegemony-with-gold-purchases/
#Bitcoin will usher in a new era of financial freedom and sovereignty, why would anyone want to return to the antiquated gold standard
Can't do either until a default, most likely after, the people will have no trust in government and the market will decide.
What exactly does it mean to be on a gold standard?
As much as I want #bitcoin to win, gold is easier to control. Ultimately, governments always favor what they can control.
We donβt need governments to win. Bitcoin has already won imo because its too distributed to eradicate and will forever churn out blocks and remain a source of immutable truth.
I do agree that massive gubmints wonβt adopt Bitcoin though. At least not yet. Which Iβm glad about. Fuck them.
Agreed, I should have said "be adopted" instead of "win".
The US is more likely to drown in debt for as long as possible before the inevitable default.
There will never be another gold standard that is meaningful in any sense. That time is over.
The digital age is upon us and the MMT USD DEBT ridden ships will all fall into the engulfing tide of #Bitcoin.
Gold
1 oz = 1 oz
And if you say 1 BTC = 1 BTC how much is that? How much does it weigh? What is its volume?
May be the wrong oz
If they did go on a gold standard, wouldnβt they just do it like the last time where the feds dictate the price of gold at a rate advantageous to the US, thus making it more or less just another fiat currency?
No.. the USA has fiat.. USA is the land of the consumer every country sells the USA stuff soooooo.. plus the real owners of the USA which is the Vatican will not use or let the USA slaves use self sovereignty currency.. USA is the worlds slave plantation.. so the answer is No..
https://youtu.be/j4kI2h3iotA to understand what im saying you should watch this