CATLANTIS on Nostr: Haven’t had time to finish the chapter yet… but it strikes me that there are ...

Haven’t had time to finish the chapter yet… but it strikes me that there are similarities that can be drawn between the demonetization of the silver and the demonetization of the petrodollar we are currently experiencing. As nations ditch the petrodollar as a means of exchange, we can’t help but think that there must be a harder money that will need to fill the vacuum. Some nations are already taking about the gold standard again, but that solution cannot last in today’s society after the advent of Bitcoin. I like this quote from the book:

“This is a historical lesson of immense significance, and should be kept in mind by anyone who thinks his refusal of Bitcoin means he doesn’t have to deal with it. History shows it’s not possible to insulate yourself from the consequences of others holding money that is harder than yours. “

#Nostrbookclub #TheBitcoinStandard