Gold cannot be money because it is infeasible for micro transactions in the modern digital economy
Are you going to walk around paying flakes of gold for your coffee or some takeout?
You won’t, which is why you’ll put it back in the hands of centralized custodian who will issue you paper
Which brings us all the way back to square one with the Fiat fractional banking standard
We need decentralized gold custody
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No. We don’t need gold at all. Thats the point.
Meaning everyone who owns it should just store themselves
That works generally 🤙
