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I thought you folks would be some of the few that would actually appreciate this quote. Apparently the gifts of gold in ancient times were not always "good as gold.

Here's a quote from the book 1177 B.C.: The Year Civilization Collapsed:

But it seems that the gold wasn’t always gold, as the Babylonian kings in particular complained. In one letter sent by Kadashman-Enlil to Amenhotep III, he said, “You have sent me as my greeting-gift, the only thing in six years, 30 minas of gold that looked like silver.” His successor in Babylon, the Kassite king Burna-Buriash II, similarly wrote in one letter to Amenhotep III’s successor, Akhenaten: “Certainly my brother [the king of Egypt] did not check the earlier (shipment of) gold that my brother sent to me. When I put the 40 minas of gold that were brought to me into a kiln, not (even) 10 minas, I swear, appeared.” In another letter, he said: “The 20 minas of gold that were brought here were not all there. When they put it into the kiln, not 5 minas of gold appeared. The (part) that did appear, on cooling off looked like ashes. Was the gold ever identified (as gold)?”
50 sats \ 1 reply \ @OT 22 Apr 2024

Debasement

Always has been

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Human nature never changes.

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The non-physicality of bitcoin, combined with easy verifiability, are unbelievably profound.

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It is so easy comparatively to check if a transaction is there or not on the Blockchain. Far more efficient than the sound of gold when it falls. And no certificate.

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What would Peter Schiff say

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ouch.
Was it pyritte that they were sending each other?
Or gold mixed with other metals?
Even kings were scammers lol

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Probably the top scammers

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Trust but verify!

How often the government cannot be trusted because every time we try to verify, it turns out to be nothing but ashes.

Crime will run rampant as long as criminals run the government.

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Government...
Gubernatorial....
Kubernat...
Aka Steering

Ment...
Mentis...
Mental...

Mind.

Mind Steering.

Government is the steering of the mind by a few men to the many. The only reason to steer the minds of many is for crime or the extraction of labor and wealth.

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Bitcoin fixes this

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