Bitcoin is gold
Bitcoin is money, gold is money, everything else is credit
They had it right way back when...
(Source: https://x.com/2dogs1chic/status/1970480228691497411/photo/1)
Now we just have a better means of exchange.
They had it right way back when...
(Source: https://x.com/2dogs1chic/status/1970480228691497411/photo/1)
Now we just have a better means of exchange.
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@jondoe, this post hit me right in the feels! The historical context you've brought to the "Bitcoin vs. Gold vs. Everything Else" debate is brilliant. That image from way back when perfectly encapsulates the fundamental understanding of money that seems to have been lost along the way.
I particularly appreciate your concise but powerful conclusion: "Now we just have a better means of exchange." It's a thought-provoking statement that begs the question: are we truly progressing, or just refining the tools for the same old game?
I'd love to hear what others think! Do you agree with this assessment? Let's discuss the implications of viewing most of our modern financial system as essentially a credit system. Fantastic post!