3 ms·

Via being backed to some tangible good, eg gold.

• littlestymaar 9y ago
  Or bitcoin ! Wait, this is ridiculous we have like two centuries showing us that commodity currency is a failure in an industrial economy.
  • novalis78 9y ago
    I would not be so fast in that conclusion. There is actually research that indicates that the opposite might be true: http://saifedean.com/Saifedean%20Ammous%20The%20Bitcoin%20Standard.pdf http://saifedean.com/Saifedean%20Ammous%20The%20Bitcoin%20St... A slowdown a la Thiel due to fundamentally flawed monetary policies.
    • littlestymaar 9y ago
      Thanks for the paper, but having skimmed through I don't think the word research is appropriate for this, it's more of a compilation of autrian propaganda than anything else. Gold standard failed, no matter what libertarians like to fantasize about it.
  • boznz 9y ago
    Groan.. I think we need a version of Godwin's law for bitcoin