Marx mentioned in "A Contribution to the Critique of Political Economy"
Karl Marx ruined so many lives with his stupid communist ideology that he should not be referenced by any means with anything related to money or bitcoin.
gold was very valuable in ancient times.
Gold is still valuable, has multiple use cases, and it's value is more or less the same unrelated with fiat currency experiment.
I once read somewhere that you could buy a good suit with same amount of gold now and during history in different periods, so it's less volatile.
The fundamental reason for the establishment of the gold standard is not the rarity of gold, but the skyrocketing production of gold, which happened to be controlled by the world's most powerful Britain at that time;If Spain is the world's largest country, I guess it will implement the silver standard.
I don't believe this to be true because there are a lot more silver on earth than gold, silver is more affordable and you can find it everywhere from kitchen, jewelry, to coins.
No major economy promotes Bitcoin. This economy needs to hold a lot of Bitcoin. And it has a lot of voice in the world. Similar to Britain at that time
Most governments are holding some Bitcoin, and Venezuela even has Bitcoin as legal tender, but it's wrong to say that ''economy'' needs to hold Bitcoin.
To use Bitcoin, you need to learn some knowledge, while gold and silver don’t need to learn complex knowledge.
Is that so? Can you tell me yourself if some shiny yellow metal is original or fake gold without learning some complex knowledge?
- No you can't, and anyone can easily sell you fake gold.