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The flight to hard money is here.
The article is good, but the author misses the end point like everyone else does. This is what happens when you link a currency to a government. There is no need for any type of backing of hard money. It simples needs to exist. In the last paragraph they write off cryptocurrencies and gold because they have no state backing, totally missing the point that bitcoin and gold are so strong because they don’t require a government to back them. submitted by /u/KiNg-MaK3R [link] [comments]
| | The article is good, but the author misses the end point like everyone else does. This is what happens when you link a currency to a government. There is no need for any type of backing of hard money. It simples needs to exist. In the last paragraph they write off cryptocurrencies and gold because they have no state backing, totally missing the point that bitcoin and gold are so strong because they don’t require a government to back them. [link] [comments] |
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