Slick Willy @r0ach said, “That depends on what your definition of 'is' is.” and “I tried marijuana once. I did not inhale”.


So gold isn’t going to protect us (that is unless we can live 600 years to await the Dark Age to end) when we economic collapse to food as money (and no it wasn’t barter but in fact rice that was the fungible money in Japan for 600+ years).

And gold isn’t going to protect us in the vast majority of the cases where the economic crisis resolves without reaching the need to revert to trading physical gold as a currency with weighing scales.

And gold isn’t going to protect us (from government totalitarianism in the sort of economic crisis where the bonds, currency and other monetary instruments on the pyramid fail) in any case any more because the times have changed and nobody will accept gold any more any where in the world, except for regulated dealers and market makers which the government controls.

So what the heck is Exter's (inverted) Pyramid (with gold at the bottom) useful for then? I’ll tell you what it’s useful for— propaganda for people who wear tinfoil hats.

You might be able to make the argument that central banks will still have gold on the bottom as the risk-free asset, but that has no bearing on what we as individuals should choose if we’re concerned about the bankrupted government expropriating our wealth. (notwithstanding that globalized decentralized cryptocurrency will subjugate and disintermediate nation-state central banking)

Physical money is so agricultural age. Gold ceased being money as we moved into the industrial age with well developed banking and finance. It was kept around by central banks mostly for symbolic reasons. Now as we move into the knowledge age, gold is a barbaric relic.

It’s impossible to have civilized discussion with a person who is unwilling to ever admit when he’s incorrect.


Iota didn’t come any closer than anything else. I challenged CfB to remove the centralized Coordinator (or any obfuscation of it) and afaik they haven’t because they can’t. The consensus will not converge without it. You've got altcoins out there with $billions mcaps which are entirely BS technobabble including RaiBlocks.