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Laser

How is a #gold standard going to work on the internet without IOUs?

Who would ensure the IOUs were backed by real gold?

Why would this work this time around when it failed last time?

What would stop the State from slyly reintroducing money printing again?

Laser 2mo ago

Peter Schiff to launch a token of physical gold IOUs, thus recreating the exact same problemset as fiat currency, which #Bitcoin was designed to solve.

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Discussion

EDJ 2mo ago

Pure engagement farming. It's nonsense and he knows it.

Jamie 2mo ago

This would be the quickest debate. We already had this with the US dollar and look what happened. They stole the gold and left everyone with the paper.