Gold is hard money, only relatively to fiat and other IOUs and easily inflatable ...

2024-12-10 23:15:11

Gold is hard money, only relatively to fiat and other IOUs and easily inflatable commodities with large supply. In relation to Bitcoin it is not as hard which is reflected in BTC/Gold exchange rates.

Tail emission (uncapped supply inflation) does not incentivize MoE. This is a fiat Keynisian notion that does not reflect the reality.

I recommend everyone reading Bitcoin Standard Chapter 10 by saifedean (npub1gdu…6nak) on Money and particularly the part about "Why One Money?".

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npub1xycjzs82jdrk6puxq77fu9mv5zc5vn4pqjna9ecrhtj65fr32zdsfmxz4j

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2024-12-10 23:15:11

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theguy on Nostr: Gold is hard money, only relatively to fiat and other IOUs and easily inflatable ...