they cant be too different? which do you think is better?
gold cannot be money anymore because it is a shit medium of exchange in our times, if you want a trusted third party it's not gold and you're retarded
>>61100338https://youtu.be/bm6oeRgxs0A?t=6097
>>61100396jokes on you i dont want a trusted third party
>>61100448almost all people also don't want gold as a medium of exchange since it's a shit medium of exchange
>>61100935must be why its at record highs
>>61100935Unless you tokenize it ;)
>>61101279RWA tokens are just another complexity layer on top of a trusted third partythey're useful if you want exposure + operating liquidity but it's being secured by the L1 native coin
>>61100396yeah id rather barter through esoteric internet moneys that neither party understands than just hand over a coin
>>61100338The gold (or silver) standard has returned hundreds, maybe even thousands of times throughout history. It never comes back because anyone wants it, but out of necessity due to late stage regimes debasing the shit out of their currency. The authorities throw more and more rapidly devaluing gibs to their populace to keep them from revolting until one day no one will accept the official currency anymore and demand something of real value. Everyone thinks Rome fell to barbarians, but really they just walked right in the front door because the Romans inflated the shit out of their money and fell apart.
>>61100947if gold was to be the future money gold would already by 10 times + higher by now measured in dollars, it had 5000 years and it failed because it's a shit medium of exchange
>>61101542internet is part of the economy and it's not going away, we're not going back to the middle ages, also yes people would rather use digital money than coins because it sucks massively, you can't even use gold coins to buy anything because you would need to split it and you can't, same problem with silver if it was adopted as "money" again
>>61101279tokenized gold isn't gold and is a scam
>>61100338We need an econ general thread
>>61102853Austrian school econ is the only correct econ
>>61102861i mean on /biz/ board
>>61102861von Mises ftw.
>>61101279I think you're on to something.
>>61102615Solved problem since 3000 BC btw
>>61103573wrong and even if true only works locally
>>61100396go back to the cavemen times of exchange, you want something you go unga bunga or bust.
>>61102615What is credit?What is debt?What is a checking account?If the government just went back to the gold standard, they could theoretically use digital as a medium of exchanging gold, as long as their are not derivatives
