gsovereignty's avatar
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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Mike Dilger ☑️'s avatar
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.
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