Thread - Nostr Hypermedia

gsovereignty gsovereignty@nostrovia.org 1 year ago

That's kind of what this is. Essentially Yuan with a 40% gold hedge. I have a bad feeling that Bitcoin is going to crash upwards alongside the demise of the USD, the global economy will rebalance around Yuan + gold and not a Bitcoin because it's rapidly becoming nothing more than a financial instrument within the USD economy.

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Replies (2)

Mike Dilger ☑️ mike@mikedilger.com 1 year ago

OK I'm reading a bit more, I guess it's more like a modern replacement for SWIFT, the tokens not being an independent currency. Is that about right? Crashing upwards, perhaps, but I think bitcoin will hold it's own. It has worldwide niche appeal as Internet money for the people that all attempted replacements have failed to replace.

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ me@mleku.dev 1 year ago

government money is gonna be irrelevant when grid down and satellites falling out of the sky, but bitcoin will keep on ticking bitcoin will only fail when the internet is completely ded, which is almost impossible