Yea only worked better then anything else for 5000 years. The Great Depression example makes no sense. You are blaming Gold for that? Respectfully I question many of the things you claim these days. You think the Gold standard is dumb but think a APR of 100% can last and promote them even down 95%. Have fun with that.
100% yearly ROI can and has and will continue to happen with Bitcoin.
It's obviously a very possible outcome for DEFI if done correctly.
There are many reasons why it hasn't been done correctly, which I have also explained in detail.
It makes perfect sense in terms of velocity of money and Gresham's law. Kinda seems like you just skim over what I write, see something you don't like, rage blackout, and then post a comment about it.
You think it's a coincidence that the gold standard ended during the middle of the Great Depression?
Because it's totally not.
If the gold standard was so great, shouldn't that have fucked everything up a hundred times worse than it was before? Can you show evidence that the economy got worse in 1933? No, you can't, because it didn't.
Don’t mean to sound annoyed. It’s just getting a bit scammy promo on these posts to be frank.
I’ll move on.