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    WilhelmIII (wilhelmiii@nicecrew.digital)'s status on Thursday, 22-Aug-2024 04:00:00 JSTWilhelmIIIWilhelmIII
    in reply to
    • Trevor Goodchild:verified::pondering_orb:
    • Bread up, Bro
    • ????
    • EvilSandmich
    • dubbub :windmill_of_friendship: ☦️
    • BattleDwarfGimli
    • brigrammer
    • Hertz
    True, but there tends to be an intrinsic stability to the value of gold, regardless of what its actual, demonstrable value is.

    There's probably an argument to be made for a new standard that is based on a unit of energy or something, something that has true intrinsic value.

    But gold has worked for thousands of years as a stable currency. Whoever wants it replaced with something else, or even nothing else, has the burden of explaining how the new system is better for the people using it.
    In conversationabout 9 months ago from nicecrew.digitalpermalink
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