It’s also a pretty good measure of the failure of the financial systems of various countries around the world.
The desperation to like bitcoin, and the libertarian taboo of mentioning bitcoin's shortcomings, are really gold standard anxiety, newest iteration. In other words bitcoin is a simple and highly valuable reflection of current extent of distrust in govt.
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You know, that reminds me, anytime I see a lot of commercials to buy gold, I know the government is sending the economy right into the toilet.
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What shortcomings of bitcoin do you think libertarians hesitate to bring up? One shortcoming of trying to use gold as money is that when a company like egold builds a sysyem to let people do that, the government shuts them down ruthlessly.
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It's also hard to overlook the confiscation of monetary gold in the 1930s. Americans did not regain the right to enforce contracts denominated in gold until the 1970s. It's just too easy to censor and confiscate money based on gold.
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