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0 sats \ 0 replies \ @IanMalcolmPhd OP 14 Nov 2023 \ parent \ on: Will gold be used alongside Bitcoin in a hyperbitcoinized world? bitcoin
I think so, at some point. Maybe it will be used for larger transactions where on chain fees are high or there is no enuts/ecash/chaumian mint available.
I don't really know, which is why I asked this.
In a gold mining town in Venezuela, gold is used for retail. But that's an edge case. Perhaps it will be used in places without a tech infrastructure, for example in those Caribbean islands where coconuts are currently used as currency.