79 sats \ 1 reply \ @freetx 17 Mar \ parent \ on: Why Does El Salvador Hold $86M of Gold? bitcoin
Gold would be necessary to "bridge the gap".
When you were in the multi-decade stage of having no electricity, no computers, no chip fabs....you would need something as a monetary base to facilitate trade to actually build those things.
What would you suggest they use?
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0 sats \ 0 replies \ @kr OP 17 Mar
i don’t know to be honest.
there would be so many unknowns that come from losing electricity access across the world, i’m not sure there would be a whole lot of value being stored at all.
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