42 sats \ 4 replies \ @kr OP 17 Mar \ parent \ on: Why Does El Salvador Hold $86M of Gold? bitcoin
i wouldn’t say gold is a required attribute for future development.
the world would temporarily revert to the 1700s without electricity, but the world would not lose its collective understanding that Bitcoin (or something like it) is a better way to store value than gold.
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79 sats \ 1 reply \ @freetx 17 Mar
Gold would be necessary to "bridge the gap".
When you were in the multi-decade stage of having no electricity, no computers, no chip fabs....you would need something as a monetary base to facilitate trade to actually build those things.
What would you suggest they use?
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0 sats \ 0 replies \ @kr OP 17 Mar
i don’t know to be honest.
there would be so many unknowns that come from losing electricity access across the world, i’m not sure there would be a whole lot of value being stored at all.
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69 sats \ 1 reply \ @oliverweiss 17 Mar
In particular, if you are an autocratic leader who may need to run away one day :)
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0 sats \ 0 replies \ @Bell_curve 17 Mar
Who was his predecessor ?
Was his predecessor less authoritarian?
If he escaped to USA, would you deny entry?
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