/biz knows what predictive programming is right?
forbes.com
/biz knows what predictive programming is right?
forbes.com
really telling that the only people shilling for a gold standard are people who already have a lot of gold
I mean isn't that always how it works?
Rumor has it that this is the reason for the coin shortage in the US. America fights back!
What does a shortage of coins made of zinc and copper have to do with moving back to the gold standard?
it’s just nasty since they try to cloak their greed by claiming the gold standard is in the best interest of all, when really they just want the economic system to be warped so their rocks have value and they can be barons
The word is that it will at least be bimetal.
A Gold Standard isn't really smart or feasible.
There are some people who I've been very intrigued by who claim there are four metals which will be selected. I'd imagine they'll fit in to a pool (I'm imagining a balancer pool situation, but maybe I'm just a nerd) of some sort.
The catch about this is that if bullion or its equivalent were to overtake paper "money", we wouldn't have a way to facilitate digital transactions. Right now, Credit makes up the mechanic of digital transactions, so it'd have to have a solution where metals aren't fitting.
I'd surmise this means significant blockchain interaction, which would conveniently explain the stablecoins that are tethered to central currencies that are popping up all over the world.
I think this makes a lot of people uneasy to hear about, so I think it's important that we explain briefly:
The currency we use is already digital. There are less physical papers out there than there are numbers on machines at the Treasury. Therefore, Credit really establishes the genuine value of the currency, which means it's literally just debt.
So, the only thing we really have to be concerned with is the way they pin such a potential "stablecoin" to the pool of metals (or whatever valued mechanism they introduce).
What do you guys think?
Your theory makes a lot of practical sense given a reset situation
a bicurrency solution I think would be more feasible though I don’t know the exact mechanics of how it will work. The problem is that the USD cannot function as both a global reserve currency (which should be inherently inflationary to handle global growth) and the currency used in all everyday transactions (exposing everyone to inflationary risk), we are seeing that conflict play out on a daily basis
maybe a metals-backed token could be the secondary currency used for transactions, I don’t know
we know