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This much is clear to me: - A globalized world needs a global money. In recent times, this has been $USD. $USD beats gold because it is more portable. - Money
by bitcoin_anon 3y ago
This much is clear to me:
- A globalized world needs a global money. In recent times, this has been $USD. $USD beats gold because it is more portable.
- Money is too large of a concern for any government to do well. There is too much at stake. Too much incentive to do be a poor steward. Too much buddying up to the money printer.
So what's left? Gold and Bitcoin. Gold for deep wealth and Bitcoin for global commerce.