👉 Bitcoin Tech Talk #215

The Case Against Gold. Bitcoin Tech Talk Issue #215

Trusted third parties are the real argument against gold. Gold is hard to secure and that leads to trusted third party centralization. That trusted third party then can abuse its power to create money out of thin air. In other words, gold always has the potential to backslide into fiat money. That is the real reason why going back to the gold standard is a futile exercise. The effort is Sisyphean; even if goldbugs were to achieve a hard money gold standard, those in power can roll the stone back down the hill of easy money with much less effort.

Bitcoin Tech Talk #215 also includes updates on the following:

  • Bitcoin
  • Lightning
  • Economics, Engineering, Etc.
  • Quick Hits
  • Jimmy’s attended events and podcasts