You could look at a fiat not backed by anything, as creating a void, a confusion, of what money is. So people put a money premium on things that were never meant to be money. Bitcoin fixes this.
Discussion
Absolutely. And even when fiat was backed by gold it was still issued by and used by governments against their citizens, thus sending false price signals all over to the benefit of those in power. We’ve never had true money imo other than a barter system of people agreeing to exchange their time and labor. Value for value.
Intuitively I believe you are right.
People have been using land as a monetary good since agriculture became a thing and violence became profitable.
Bitcoin significantly reduces the profitability of violence. Gold failed in that regard as it was systematically taken out of peoples hands and reduced from being redeemable for paper.
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