Post
Topic
Board Beginners & Help
Re: Bitcoin and the gold standard
by
ThreeJay
on 11/04/2013, 11:32:58 UTC
Maybe interesting fields of research:

(1) The ability to mine for gold is determined by the natural resources available to a private or public entity. The ability to mine for bitcoins is determined by the amount of capital (investment needed into computing power) available to a private or public entity.

(2) The gold standard effectively eliminates exchange rates between countries (so-called price–specie flow mechanism). Bitcoins are international, hence they will do the same.