/biz/ - Business & Finance

>>54593671
yes sir very good u can always do the redeem. why hold heavy coin when can have 1:1 certificate to redeem at any time always !

>>53395748
this is a) wrong b) moving goal-posts c) moving the goal-posts completely the wrong way, so that your team loses instead of wins
bitcoin has a fixed-supply mechanism, and just like real fixed-supply currencies like "good money" gold and silver coin have been, gresham's law dictates that adding credit-expansion will kill them and replace them with the alternative "bad money" -- in this example the US dollar
https://tontinecoffeehouse.com/2019/10/07/from-thalers-to-dollars/
the US didn't create silver dollars, it inherited good money silver coinage from the tradition of using the joachimsthaler, hundreds of years earlier
https://www.pcgs.com/news/what-are-1957-1-dollar-silver-certificates-worth
pic look familiar, buddy?