#Bitcoin vs. #Gold

When it comes to identifying the root cause of many of our ills, gold bugs had the right idea (for the most part). But they had no way to implement their ideas in a meaningful and effective way, a way that works in the networked world of the 21st century. The meme of "sound money" is the right meme, but without a way to act out said meme efficiently, the meme has no way of spreading itself throughout the population.

Here's the deal, dear gold bugs: We won't return to a gold standard. Gold has failed in the past, and it would fail again in the future. The usefulness of the "gold stan-dard" meme has come to an end. The remnant of its glorious past will be found in linguistics only.

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