are you really quoting the notoriously Keynesian "the economist"?
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
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What's your guess on how many more paper money transactions than gold (coins included) transactions, across history?
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the gold standard era used paper money... it's not about the material it's whether the paper is backed by a commodity or not
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