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You could say the same thing about cash. Also, gold's value seems to fluctuate quite a bit and it was / is the basis for some currencies
by errantmind 5y ago
You could say the same thing about cash.
Also, gold's value seems to fluctuate quite a bit and it was / is the basis for some currencies
- Kbelicius 5y agoCurrently there are no currencies that are based on gold. Must be a reason for that.
- tsimionescu 5y agoYes, cash is problematic for KYC and AML. That's why cash transactions and ownership are highly regulated in most of the world. And gold's day-to-day value doesn't fluctuate nearly as much as bitcoin. Still, it does fluctuate too much, which is why the entire world has abandoned the idea of using it as a representation of the value of money.