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Toxic Bitcoiner

Gigi 2y ago 💬 2

Gold is most definitely not fiat money.

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Gigi 2y ago 💬 2

Bitcoin is at least 100x superior to gold, but it's still natural and emergent money, not fiat money.

SMS 2y ago

While unless solving the foundational value problem then inheriting the same flaws as well amplified the cons.

🖖🏻

Toxic Bitcoiner 2y ago

We don’t label aggry beads, silver, or clam shells as money anymore, even though they were natural and emergent monies. Gold’s designation as money is expiring.

edouard 2y ago

It is not but it is easy (technological reasons) to capture by banks and the state to do frb, and then fiat

Schrödinger 2y ago

True. Not as hard as Bitcoin though. I could mine an asteroid, and there is a probability of finding gold. There is a 0% probability of finding Bitcoin.