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Replying to Avatar ๐•พ๐–Š๐–— ๐•พ๐–‘๐–Š๐–Š๐–•๐–ž

Hahah I agree about the pencil thing for sure, but yeah idk about gold standard either bc of how it was mined, who minted it and distributed it.. & I donโ€™t think he was trying to rationalize the central bank, more so make us aware, never got that impression. Their true colors were shown to me so how could he or me rationalize what theyโ€™re doingโ€ฆ idk but I am glad we have Bitcoin, digital gold which isnโ€™t mined by slave labor, minted at will by 3rd party whoโ€™s interests are but their own, and capped at a supply of 21M. Which we currently donโ€™t know the cap supply of any of these โ€œprecious metalsโ€ but yeah

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Sourcenode 2y ago

YeahI hear you regarding gold mining and minting. If I remember correctly he did specifically say that the problem with gold was the limited supply though. I watched it a few weeks ago so it's still pretty fresh in my mind.

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๐•พ๐–Š๐–— ๐•พ๐–‘๐–Š๐–Š๐–•๐–ž 2y ago

Limited bc of how costly it is to produce & unsustainable to mine, but no fixed supply still means it cannot guarantee financial or economic stability.

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