/biz/ - Business & Finance

>>19906794
In 1966 Alan Greenspan wrote "Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."

https://wtfhappenedin1971.com/

>>19082645
Yes imagine using a currency that has lower inflation than the usd inflation target.

>>19021878

>>19018031
Lower inflation than fiat currencies

>>18948898
That's game theory anon not a ponzi , it's like saying gold is a ponzi due to having a natural low inflation due to extremly low yearly increases in the supply.

Is gold a ponzi too?Get woke or go broke , satoshi was a master of game theory and the game theory behind btc is more powerful than all human systems.

It's the first human system that does not need "willpower" from a central institution to survive due to it's game theory incentivizing free agents to support it.

Before bitcoin nothing of the kind existed , even torrents had a central node with trackers like thepiratebay.