Huge difference though.
Paper gold is pointless, and mostly just for etf and futures. Nobody really knows the gold supply, not usd created outsode of the fed.
Bitcoin is easily auditable.
The key difference is that if you have bitcoin on say coinbase, and want to buy a gift card at bitrefill, coinbase has to pull actual bitcoin from their wallet and send to bitrefill.
Unlike dollars, where it is just a ledger entry at the various banks amd settlement layers. With the exception of physical cash, which they also must obtain and give the actual item.
The amount of actual cash in the us economy is controlled closely by the fed, treasury, and mint. It is subject to endless printing like mortgages, loans, stocks, sears cards, etc.. currently I believe it is at 2 Trillion, and has been pretty stable for a while.
Huge difference.
The Liberty Farmer
npub1uwh…fqu7
2024-05-01 03:50:25
in reply to nevent1q…jlr6
Author Public Key
npub1uwh0m2y8y5489nhr27xn8vkumy8flefm30kkx3l0tcn0wss34kaszyfqu7Published at
2024-05-01 03:50:25Event JSON
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"content": "Huge difference though.\n\nPaper gold is pointless, and mostly just for etf and futures. Nobody really knows the gold supply, not usd created outsode of the fed. \n\nBitcoin is easily auditable.\n\nThe key difference is that if you have bitcoin on say coinbase, and want to buy a gift card at bitrefill, coinbase has to pull actual bitcoin from their wallet and send to bitrefill.\n\nUnlike dollars, where it is just a ledger entry at the various banks amd settlement layers. With the exception of physical cash, which they also must obtain and give the actual item.\n\nThe amount of actual cash in the us economy is controlled closely by the fed, treasury, and mint. It is subject to endless printing like mortgages, loans, stocks, sears cards, etc.. currently I believe it is at 2 Trillion, and has been pretty stable for a while.\n\nHuge difference. ",
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