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Pleb 🍾 Running the score up

There was a monetization process of gold the same way there was with btc. It's not like humans were created wanting gold. In fact gold is in the demonetization process at the moment. The same way iron,bronze,silver (all were money at one point). have all mostly been demonetized gold will be too.

To the energy / information point. Money is energy dense because it's hard to create/find/ mine whatever. Then it's purely informational (transactional). Btc will surpass gold because it can store energy more efficiently and transmit its informational value more efficiently.

If you had a way to split gold down to the atom, and be able to physically move that atom anywhere in the world with no loss of information -no friction. Then gold would be competitive but its not.

Infinitely cheap. But the value is in the information not the letter itself.

Money is information not the physical, note/coin itself. The only reason 1/10th oz of gold is worth less than 1 oz is because we have the information that one weighs more than the other. The only reason 1$ bill is worth less than 100$ bill is because of the information printed in it.

Money is energy density, bitcoin is by far the most dense. Money is representation of calories and watts. Bitcoin is a direct measure of calories and watts. Gold is an indirect measure of calories and watts. Fiat is an obfuscation of calories and warts.

The computers are going to run out of floating point integers.

If the supplier of my business takes precious metals now, almost certainly they turn it into fiat (possibly collateralized notes) in order to pay their suppliers. Or maybe their supplier does. When fiat collapses, I can't keep taking precious metals unless my supplier does, and he can't keep taking precious metals unless his supplier does. And so on. So only if you have self-sufficient systems in which everyone takes precious metals can it continue to circulate.

Instead, most people will turn to physical barter and we will rebuild a monetary system (likely) based on Bitcoin.

That should help.

We're going to have a whole cycle of suits talking about how they need to change bitcoin. Same way we had a cycle of individuals saying how they need to change bitcoin.

It works thank you stranger!

The banned app lives on