" It's 2054
Bitcoin has failed
The gold bugs, led by @PeterSchiff, have convinced everyone that peer to peer exchanges of gold are the way to go
The world is now on a gold standard
You run a coffee shop
A customer walks in to buy a coffee but all they have is a 1 KG bar of gold
They take out their chisel and scale and carve off 0.054 grams of gold
You take the gold and send it to your gold purity specialist to confirm that the gold is pure
3-5 business days later, the test confirms that the gold is real
You call the customer back to your shop to get their coffee to complete the transaction" - Rajat soni cfa