Gold standard was bad, but Bitcoin standard is even worse

image0In mathematics, when you write a paper, you are always standing firmly on the shoulders of generations of common knowledge that you don't need to prove yourself - you can safely assume your readers agree with you on the matter. In the same way, I will assume that we agree on the following statement: Implementing gold standard in the modern economy will have no beneficial effect for the mankind, but may have very dire consequences. This will allow us to go forward with the reasoning, moving onto the recently hot topic of the most popular cryptocurrency.

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