Deflationary in what sense?
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Gold is close to a pure SoV -- in America, today. There will be multiple digital SoV winners. Bitcoin likely to be #1 as it will likely always be the most expensive to attack.
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Money is a tool to reduce uncertainty about the future. It is typically the most liquid, recognizable, saleable good. In a borderless digital realm, which has no local monopolies on violence, taxation laws, debt exintiushing laws and legal tenders..... why do we need many moneys?
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important to remember Gold was an MoE for 10,000+ years prior to this last 30-year period of deliberate Gold demonetization.
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Bitcoin took significant inspiration from BitGold which obviously was an attempt to recreate a Gold-like digital currency by Szabo
End of conversation
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