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86 sats \ 4 replies \ @Undisciplined 28 Oct \ on: Is China quietly rebuilding the global financial system around gold? econ
BTC > Gold > Fiat
If we can only get the improvement from fiat to gold, that's still a win.
Eventually, the superiority of bitcoin will win out, but we don't have to make perfect an enemy of better.
i agree, i feel like we could be watching the end of the fiat system as we know it.
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At least, we are seeing the global dollar reserve system unravel.
We've already seen how gold standards degenerate into fiat, so that will probably just happen again with this new currency block.
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Governments simply cant help themselves when it comes to messing with money, but lets see what the implementation looks like, after all, Zimbabwe launched a gold-backed currency (ZiG) and from what i understand, it failed.
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It’s pretty obvious China wants the yuan to be the BRICS currency, they’d never go for anything else. Gold reserves? Sure, but we’re the ones who control those! Hahaha. I don’t know how long it’ll take, but Bitcoin’s gonna beat gold, it’s just way better.
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