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by sofixa 1462 days ago
> I dont see any fundamental difference between putting gold into country reserves vs Bitcoin

Stability? The fact that the IMF, US, EU and whoever will accept gold as collateral but wouldn't come anywhere close to a volatile imaginary "asset" like Bitcoin?
2 comments
naraga 1462 days ago
Volatility is short term change in offer and demand. The fact the asset is held as reserve asset by many makes it less volatile over time. Monetary properties of gold and Bitcoin are very similar therefor makes it sound reserve asset. Gold non-imaginery properties (aka. physical substance) is irrelevant from monetary point of view.
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aaaaaaaaata 1462 days ago
Not as true for the US as perhaps you've been led to believe.
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