Post
Topic
Board Economics
Re: Is Gold the root of all evil?
by
EggShells
on 24/11/2015, 14:10:35 UTC
If you start form first principles, all economies beyond bartering require money, and gold is a major form of money (and so are silver, dollars and sterling, etc., throughout history.)

It's not surprising that people and states do evil things for money.  But you can't blame champagne and caviar for the things some people do to have this lifestyle.

I agree that Bitcoin holds several advantages over gold, as money.  But it also has disadvantages.  It requires electricity, and requires a certain literacy to understand.  And you can be sure that any small deficiency in this literacy on the part of the public will be fully exploited by some.