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@ Dikaios1517
2025-05-22 15:55:35
Very true.
One of the more confounding statements she made was that "hard money loses as money. We saw that with gold."
It's very much a recency bias sort of thing to say.
Monetary metals won the battle against all other forms of money over thousands of years, and only in the last 200 years or so has paper money taken over and then been forcibly decoupled from gold.
It also shows an ignorance to why physical gold and silver lost out in the end. It had nothing to do with their scarcity, but their lack of portability. Scarcity was why they won out compared to other forms of money, but lack of sufficient portability in a time when humans began moving around a lot more was their downfall. And that is a trait Bitcoin does not share with gold.