Gold has severe flaws. Physical locality makes it less secure and far more transactionally local, and thus more vulnerable to politics and less sound, than we can now achieve with Bitcoin, with good key management and taking advantage of its trust-minimized global settlement.https://twitter.com/MrHodl/status/991676293052813312 …
-
Show this thread
-
Aztecs took gold tribute from their subject tribes. Spanish conquistadors looted the Aztecs. Sir Francis Drake looted Spanish galleons. Seizing gold vaults was a universal war objective. Many politicians have controlled monetary systems by controlling gold. Now we can do better.pic.twitter.com/pg33pZLJCK
33 replies 244 retweets 880 likesShow this thread -
Replying to @NickSzabo4 @The1Brand7
Was the objective really to control the monetary system? I thought it was just to seize valuable resources, same as with looting gems or spices?
1 reply 0 retweets 1 like
Looting does tend to end up being the actual, if usually unstated, main motivation for control.
12:37 PM - 3 May 2018
0 replies
0 retweets
3 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.