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by alwillis
1989 days ago
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It's not arbitrary; gold (unlike copper) has been money for 5000 years. And unlike copper, the United State's dollar was backed by gold for a majority of the 20th century while most other currencies were pegged to the dollar. And finally, unlike copper, there’s $8-$10 trillion dollars worth of gold being used as a store of value globally. Bitcoin has all of the core attributes of gold with the addition of being digital and having a fixed supply. It only makes sense to compare bitcoin to gold. |
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