Gold got us into this mess, bitcoin is trying to get us out
Discussion
Which mess? The one where we printed dollars into oblivion after going off the gold standard?
Yes. I love gold, but it failed as money.
Nixon only “temporarily” suspended the gold standard. Maybe it will be money again one day. 😂 https://www.youtube.com/watch?v=7_Xw5tWsOQo
Gold can't be a medium of exchange. If bitcoin doesn't eventually graduate to that, then it will also have failed.
No asset will be a medium of exchange if you get taxed on it (the capital gain on increased value) when you spend it. Bitcoiners should give up on that. It’s a place to store wealth. Period.
Governments put a walled garden around their currencies using tax laws, otherwise nobody would hold their domestic currencies. Governments know if they removed the tax implications, the flood to abandon their currency would be swift (pun intended).
People have to give up on their stupid governments first. I'm not saying it's happening in our lifetime
Americans waiting for the temporary suspension of the gold standard to end.
