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by pavel_lishin
1157 days ago
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I think this only holds if enough other people believe in gold or crypto as a backup system. If I had some extra zucchini and potatoes, and you were running very low on food, it would take quite a bit to convince me that a piece of shiny metal or numbers in a distributed ledger would be worth the calories I'm surrendering. Right now, dollars would be worth it, because nearly everyone believes in their utility, despite being a very similar faith-based currency. |
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