the state is just a bunch of people doing what they know to be good, a little education and an investment in Bitcoin will help align self interest with public good and heal any perversions we see today.
Could not disagree with this more.
Gold bugs have spent 100 years knowing they are "right" and waiting for everyone else to education themselves understand history and see the light. Never happened.
In the meantime the state resorted to banning private possession of gold for almost 2 generations in order to break the public's view of gold as money. The state will fight Bitcoin just as hard.
The problem I see with gold is also a technological one.
Even if gold had survived these government interventions, there is no way people would be using it as a currency in our modern world. Gold's physical nature is one of its more important flaw because it leads to inherent counterparty risk if we are to use it as the reserve currency.
It is the very reason why banks were able to centralize gold holdings to then issue paper notes which they later devalued through fractional reserve