21 The fatal flaw of the Gold Standard is that it is a trust-based system. It requires the people to trust gov't and banks to not print over, dilute, confiscate (EO6102), or otherwise manipulate the gold, even though there is massive politcal and economic incentive to do so. Bitcoin fixes this. (twitter.com) posted 1 year ago by quai24 1 year ago by quai24 +24 / -3 10 comments share 10 comments share save hide report block hide replies
You can't fool an old fool, you can't teach an old dog new tricks, and you can't bite a bitcoin. Thank you kind sir. ___ Underdog