Exactly how is a Gold Standard going to be revived without internet-compatible IOUs that, ironically, reintroduce the same problems that #Bitcoin has already solved?
Discussion
*anything* standard requires trust, which no government has. It has to be implemented by fiat.
Circular economy in bitcoin is possible but it’s a long road.
All currencies are digital now. Gold bugs excited about BRICS and bearish on BTC don't understand this yet.
Pro tip: it won’t.
Good luck calling the government you don’t trust to get your gold money back from the bank you don’t trust.
It’s like goldbugs can’t think two steps ahead.
These guys have been on the sound money train a long time.
Maybe they forget why they actually chose gold?
Bitcoin is a better gold than gold ever was. Poor bastards can't see it.
It’s ok, it’ll be tokenized IOU based on chinas holdings and they’re like really trustworthy or something like that
Exactly