Replying to Avatar 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?
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Laser 2y ago

What makes you think this doesn't just reset the monopoly game?

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a source familiar with the matter 2y ago

I'm sure they will try, for example with CBDCs.

If you think a global cartel can forever suppress the use of gold, you have a lot more faith than I do in the power of violence.