Ether is the reserve currency for the world’s shadow financial system.https://twitter.com/ricburton/status/1000267133383856129 …
Cryptocurrency Analyst. Bitcoin, not Blockchain. Angel Investor. Previously @Princeton.
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
Add this Tweet to your website by copying the code below. Learn more
Add this video to your website by copying the code below. Learn more
By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.
| Country | Code | For customers of |
|---|---|---|
| United States | 40404 | (any) |
| Canada | 21212 | (any) |
| United Kingdom | 86444 | Vodafone, Orange, 3, O2 |
| Brazil | 40404 | Nextel, TIM |
| Haiti | 40404 | Digicel, Voila |
| Ireland | 51210 | Vodafone, O2 |
| India | 53000 | Bharti Airtel, Videocon, Reliance |
| Indonesia | 89887 | AXIS, 3, Telkomsel, Indosat, XL Axiata |
| Italy | 4880804 | Wind |
| 3424486444 | Vodafone | |
| » See SMS short codes for other countries | ||
This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.
Hover over the profile pic and click the Following button to unfollow any account.
When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.
The fastest way to share someone else’s Tweet with your followers is with a Retweet. Tap the icon to send it instantly.
Add your thoughts about any Tweet with a Reply. Find a topic you’re passionate about, and jump right in.
Get instant insight into what people are talking about now.
Follow more accounts to get instant updates about topics you care about.
See the latest conversations about any topic instantly.
Catch up instantly on the best stories happening as they unfold.
Spencer Noon 🕛 Retweeted Richard Burton
Ether is the reserve currency for the world’s shadow financial system.https://twitter.com/ricburton/status/1000267133383856129 …
Spencer Noon 🕛 added,
You can't have an inflationary currency prone to continuous monetary supply changes as a world reserve. You could *try*, but the smart money knows where to keep their wealth.
Then how would you explain the USD being the global currency reserve for the past 50+ years?
SpookyAndCryptic Retweeted SpookyAndCryptic
On a long enough timescale, shitty things turn to shit. Widen your time horizons.https://twitter.com/StopAndDecrypt/status/1033821881915396099 …
SpookyAndCryptic added,
What is my proxy then? Gold was a great world reserve until you started having mass global trade. Idk how he USD could have remained gold backed and the economy continuing to run a trade deficit.
Right, and once we started getting mass global trade, and less ideal system became the most widely used, and in turn, the most widely abused. It's work*ing* as it stands, but we're building a better system for the future, because this won't work forever.
That would logically make sense...most widely used = most widely abused..the same was true for gold way back when. London Gold Pool & Gnomes of Zurich, other than government, being case & point. I don’t think fiat has been around long enough to conclude it’s a “less ideal system”
Saying you like fiat is the same as saying you like coercive monopolies, lack of competition, continuous theft and, tangentially, overindebtedness.
Good thing I didn’t say such. The argument could be made that fiat has allowed for greater competition and economic growth... International trade and fractional reserve banking is not possible with gold backed currency. Manipulation happens across all assets; London gold pool.
1. The modern age, until recently, tolerated some forms of competition thought not free monetary competition. 2. FRB existed on top of the gold standard, just not as aggresively. 3. Bitcoin transcends almost every single one of Gold’s limitations.
4. International trade existed for millenia before fiat came into existence.
Correct. But all of those things you’ve stated (except for #3) accelerated dramatically into the 20th century and the argument could be made fiat was the only scalable solution. These are just arguments, not my opinion per se.
These things accelerated *in spite* of fiat, not *because of* it. 
These things accelerated because of modern technological advances.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.