Yea I don't think it would work out either. You can't have a functioning economy if people aren't willing to spend.
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Yea I don't think it would work out either. You can't have a functioning economy if people aren't willing to spend.
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Nope and Bitcoin is not going to be spend. Of course, the case Saylor is laying out is that governments buy up Bitcoin then use that to back the currency. This is akin to what the gold standard people want.
It would stifle innovation.
Do people not realize that the world experienced the great technological boom in its history, by an order of magnitude, over the last 50 years? Of course, that just about coincides with the move by Nixon.
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I don't think so but I wonder if Peter Schiff will move towards this mind set once gold can be created synthetically.
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Or if he will think that when underwater drones turn into mining rigs and can increase the gold supply very quickly.
There is a ton of gold on the ocean floor, it is just a matter of getting to it.
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What is next after the ocean floor? The volcanos?
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What do you mean?
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After they remove all the gold off the ocean floor.
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And also in the ocean water itself... it's not easy to extract it nowadays but one day we'll be able to do that
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