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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?

Why would you think a gold standard is coming back?

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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.

Thanks but no thanks

#bitcoin

I expect "Bitcoin backing" to be tossed around for the same nefarious ends as well.