Gold-backed digital tokens are the ultimate shitcoin.
-relies on trust
-non portable across space / time
-non redeemable for physical gold
-increasing supply ♾️
-normies will fall for it
The good news: it may delay Bitcoin adoption in the short term so that plebs can keep stacking.
No one has the power to prevent a grandma from passing her 24 words to her grandson before she dies.
She can write them in a poem, with a cypher given separately. The IRS won’t be able to stop it.
Goodbye, Inheritance Tax.
#Bitcoin fixes this, too
I don’t even wonder about a Bitcoin Standard anymore: when not if
The nocoiners may be surprised, but they’ll happily go along with it. The Bitcoiners may go quiet, go under the radar. The Max Kaiser’s among us will continue to evangelize and be unfairly criticized post hyperbitcoinization. The show will go on, tick tock.