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Eh, I'm still a goldbug who thinks fiat is a scam and I hate crypto too. I actually don't care about gold specifically, I just think currency should be backed b
by HideousKojima 1y ago
Eh, I'm still a goldbug who thinks fiat is a scam and I hate crypto too. I actually don't care about gold specifically, I just think currency should be backed by some sort of real good that's durable and relatively rare. The goal being to make currency harder for governments and banks to manipulate (the whole reason we backed out of Bretton Woods was because our manipulations had finally caught up to the realities of our finite gold reserves).
- ceejayoz 1y ago> I just think currency should be backed by some sort of real good that's durable and relatively rare. It is! It's backed by F-35s and B-2s and big aircraft carriers.
- HideousKojima 1y agoSo I can exchange a fixed amount of dollars for an F-35C and a Ford class carrier?
- ceejayoz 1y ago"Backed by" and "freely exchangeable for" aren't the same thing.