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it is probably the same with gold - in fact, i say gold is used even less in transactions. Yet, nobody would deny that gold cannot form a good monetary foundati
by chii 2y ago
it is probably the same with gold - in fact, i say gold is used even less in transactions. Yet, nobody would deny that gold cannot form a good monetary foundation . Of course, it's not the best - fiat is still, imho, better - but it doesn't mean it can't work.
So why is the IMF so against bitcoins that they'd rather pay to eliminate it? Or are the IMF scared that bitcoin can actually succeed, in a way which prevents IMF members from asserting monetary pressure in ways that benefits them?
- freen 2y agoAhh yes, the age old “let’s use a precious metal to denominate our currency” idea. Cryptocurrency bros are literally speedrunning the entirety of monetary system failures. All of them. You’d think, maybe after the first couple they’d read a book or something? Heck no! YOLO!
- robertlagrant 2y agoJust to be clear, people who have downvoted you are likely doing so because of tone and attitude, not because they're pro-bitcoin.
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- dragonwriter 2y ago> Yet, nobody would deny that gold cannot form a good monetary foundation I wouldn’t say nobody (fools exist), but, sure, only a fool would deny the statement “gold cannot form a good monetary system”. But... Isn't that the opposite of your Bitcoin claim?