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Gold itself? or the scams it enabled due to weaknesses in its monetary qualities? For example, coin shaving (difficult to quantify without a scale), counterfei
by npoc 3y ago
Gold itself? or the scams it enabled due to weaknesses in its monetary qualities?
For example, coin shaving (difficult to quantify without a scale), counterfeiting (tungsten wrapped gold), fiat central banking with zero reserve (due to poor portability + above) which transfers enormous wealth from entire populations and countries to the bankers?
Or maybe its scarcity? The amount of above-ground gold doubles every 50 years (which halves its value).
All weaknesses that bitcoin has solved BTW