@AngryThorr42069@OjisanKaichou@arealhumantony@sircalebhammer@grok & aggry beads were priced in gold before becoming the more dominant currency Africa over time, through the process described above.
As for blockchains txns, you’re right, but that isn’t how networks scale. TCP/IP protocol isn’t the entire internet. Bitcoin protocol is the base.
@AngryThorr42069@OjisanKaichou@arealhumantony@sircalebhammer@grok It has cemented itself as a store of value and is beginning to transition to its second function, as a medium of exchange. Only then will it have a chance of replacing fiat as a unit of account. These things take time.
@JoshDMcDonald@TheWizardOz39@justinamash Gold can be produced chemically via nuclear transmutation. On top of that, gold is only rare on earths surface. Deep earth/sea mining, mixed with asteroid mining/nuclear transmutation, would naturally lead anyone to look for a future-proof alternative that is also a sound money.
@brimstonecanary@publiusbtc@mcmansionhell@tyler1tyler That’s not how it always works. In the past 5000 years of monetary history it has never been this way. Fiat currency and money printing is a 50 year old experiment that started in 1971 when Nixon took the world off the gold standard. https://t.co/Uhd6NSfKA8
@MaxxMogul@GoingParabolic@Bitfinexed They don’t just “print billions” every dollar is backed and they have a surplus in their reserve that’s publicly available to check at any time. Bitfinexed is a laughing stock from years ago that’s keeping the meme alive.
@PlateLicker_21m Definitely harmond’s, they unseated Al’s when they opened a couple years ago but if you want to stack some sats after your meal with the savings Al’s is just fine. Only a block away from each other.
@rajatsoni@BunkFreamon We nearly 20Xed the bottom last bull run without tradfi giving the green light to their clients, in fact doing the complete opposite. Even if you are in the diminishing returns camp of thinking that seems low.