The gold standard was outcompeted and lost for natural reasons, as it will lose again if given a new opportunity.

The fatal flaw of gold, paper gold and gold tokens is the required trust in a third party. That system of trust is a honeypot that inevitably ends up corrupted.

Bitcoin decouples money from human corruption. There is neutrality, scarcity, sovereignty and peace.

Reply to this note

Please Login to reply.

Discussion

Gold’s physicality is a bug, not a feature