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by grondilu
4542 days ago
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Well, the good news is that there will probably never be a "bitcoin standard". The gold standard consisted in Nations basically enforcing the convertibility of currencies into gold (or indirectly into dollars, which were convertible into gold). So it was an authoritative enforcement of what money was supposed to be. Bitcoin is a free currency. You're free to use it, or not. You're free to fork it, to create an other one with different monetary rules. And people do. Bitcoin is thus not exactly a "standard" as gold was. If you worry about the fixed aggregate idea, just don't. If there is no more bitcoins to create, and if the economy needs additional monetary units, then they will appear in the exchange market, as the price of other cryptocurrencies will rise, or others being created. |
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