Yup. BTC is a new asset class that is still misunderstood and underestimated by the governments and banks that will be crushed by it. Gold standard was weak even prior to 1971, when Nixon "temporarily" closed the gold window after France and others hinted strongly that they might prefer gold to Federal Reserve Notes. Fiat money didn't start in 1971, but that was the last time printing of USD was in any way "regulated" by the limited quantity of gold bars in Fort Knox, West Point or Denver.
RE: India, the "War on Cash" and why we need cryptocurrencies
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India, the "War on Cash" and why we need cryptocurrencies
Cool thanks for explaining. Yes I never quite understood the reasoning behind removing the gold standard (long term that is).
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