4 ms·

You have bought into the debt argument, and loose money. I like hard money. Infinity / 21M

• andrewmcwatters 5y ago
  Then you don't understand how currencies work today. It's like saying we should go back to the gold standard. It makes no sense. Labor capacity increases as population grows. Gold does not grow. Should we all exchange slivers of gold? No. That would be nonsensical.
  • randomhodler84 5y ago
    “We should adopt a bitcoin standard”. It will end all wars; bring freedom, peace and prosperity to the planet. I don’t think we should go back to physical element based scarcity to measure wealth, the asteroids are full of it. What nothing else in the universe is full of is nonces for near hash collisions in SHA256. That’s as good or better than any other way to secure the ledger.
  • CryptoPunk 5y ago
    The money supply grew under the gold standard, via debt-based money creation and fractional reserve banking. The currency shortages and depressions of the gold standard era were due to government intervention in banking, not gold backing of currency: https://www.alt-m.org/2015/06/04/ten-things-every-economist-should-know-about-the-gold-standard-2/ https://www.alt-m.org/2015/06/04/ten-things-every-economist-...