A "gold standard" is a great narrative for governments to exploit in order to reset the monetary system under CBDCs.
I expect "gold backing" to be thrown around alot this decade.
It's about preventing exit. Restarting the monopoly game.
Discussion
And the gold bugs are going to fall for it because the don’t understand the proof of work algorithm (only way to bridge real world value to the digital world)
Thanks but no thanks
#bitcoin
I expect "Bitcoin backing" to be tossed around for the same nefarious ends as well.