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by ben_w 1830 days ago
I can do that with gold.

Gold is less volatile, and the value of the volume of a €2 coin in gold is 9 months of El Salvador nominal GDP per capita.

Or the gold could be stored elsewhere and accessed via an app, with exactly the sort of database every bank already uses.

Either way, BTC adds nothing. Apps might, depending on the banking infrastructure, but BTC itself? Nada.

1 comments

This is a new unit of measure! Now I need to know my monthly salary in eurocent volume of gold.
€0.01 coins have a volume of ~0.346ml, gold has a density of 19.3g/ml and a current price of 60.89 USD/g, so a eurocent-sized gold coin would be worth 407.02 USD :)
Thank you :) I'll look at those coins differently now.