binmucker on Nostr: Yea it’s pretty crazy to think that same 5 ounces in gold would be about $10,000 ...
Yea it’s pretty crazy to think that same 5 ounces in gold would be about $10,000 instead of $100 dollars. I enjoyed learning about how one of the Chinese dynasties shot themselves in the foot by adopting a silver standard, instead of a gold one. As it applies to bitcoin, I think the difference between silver and gold is a great example of why store value is more important than medium of exchange. Luckily, bitcoin can serve as both especially as lightning and other layers are built out.
Published at
2023-10-20 12:53:45Event JSON
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