He acted against it, so they would approve it. Now the truth is revealed. The art of the deal.
(media.greatawakening.win)
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Nah.
Money needs to be stable. In order to be stable, it needs to meet these 7 characteristics.
(1) It must be durable, which is why we don’t use wheat or corn, or rice.
(2) It must be divisible, which is why we don’t use artwork.
(3) It must be convenient, which is why we don’t use lead or copper.
(4) It must be consistent, which is why we don’t use real estate.
(5) It must possess value in itself, which is why we don’t use paper.
(6) It must be limited in the quantity that is available, which is why we don’t use aluminum or iron.
(7) It should have a long history of acceptance, which is why we don’t use molybdenum or rhodium.
Only GOLD and SILVER fit all seven characteristics.
EVERYTHING else is inferior which makes them credit. They are essentially Gold substitutes.
If you had a race to see who was the fastest man in the world there can only be one winner and ONLY ONE person can hold the label of the fastest man in the world. It doesn't mean that the rest are slow, it just means that they are not the fastest.
Value is ultimately determined by the person holding the money. "He who has the Gold makes the rules."
Who said that crypto is money, or is trying to be? It’s a digital asset.
And when the power dies?
Then I guess all the “money” in banks, which isn’t backed by anything, and is merely a log entry on their servers, might be lost.
Interesting point. In fact, your bitcoin has a better chance of being resurrected if at least a few of the millions of copies of the blockchain survive. How many copies does the bank keep of its ledger?