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Fair enough, but effectively it has the same economical implications as the gold standard, except maybe made stronger by the fact that the government can't do a
by simias 9y ago
Fair enough, but effectively it has the same economical implications as the gold standard, except maybe made stronger by the fact that the government can't do anything at all to change the way it works, doesn't it?
I think the pro and cons of the gold standard (as listed by Wikipedia) seem to apply fairly well to the Bitcoin economy.