I am a defendant of commodity money: gold, silver and Bitco…
I am a defendant of commodity money: gold, silver and Bitcoin.
Yes, real money, apart from being used as money, is a commodity which has an utility.
The utility of Bitcoin is Metanet, the internet on the blockchain.
Replies
but then how will we achieve full employment and stable prices!? There would be booms and busts! How could gold, silver and bitcoin save businesses that are too big to fail!? We would have deflation and TERRORISM, is that what you want!?
haha, luckily you understand quite well what I mean. You are sarcastic. As u know, slight deflation is actually quite good for the economy. USA in the last decades of XIX century had deflation and strong sustained growth, and very mild boom & bust cycles.