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RE: Vlog 198: Enforce the SBD peg or not?

in #life7 years ago

All fiat currencies will eventually drop to zero; this is mathematically inevitable. It may take 500 years or 500 days, but go down it will. Gold does not have this problem; there will always be someone willing to take Gold as payment. Besides, when governments have reserves, they hold gold, and that tells me everything I need to know about their fiat money. If governments don't have confidence in their own money as savings; why should I? ..or You? If we peg crypto to anything; peg it to something like Gold. Gold sucks as an investment but is a great reserve. Greetings!