BRICS gold-backed currency and the many issues that it needs to overcome. The main concern is, who do you trust to hold the gold?
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I honestly think it could be gold, but it could be blockchain as well. Bitcoin is digital gold, as the BlackRock CEO famously said here recently. I of course don't trust that guy further than I could throw him but I thought that was a pretty telling statement, especially considering its source
Some really good comments in here. Going to stick you this to see if we can drive further discussion on this
That's why I support Bitcoin over gold. You can't hide transaction data and you can't have synthetic BTC.
I have both, of course, Bitcoin and ethereum, and what do you think of the extra layer of governance that ethereum brings via staking? I would love to be able to take bitcoin, that is, say, I could stake it to a specific country, like china, or United states, or any country that I feel has the best governance, and then make money based on their trade surplus. I really see something like that developing.
You should read the original bitcoin white paper. "Electronic peer-to-peer cash system"
"Removes the need for trusted third parties"