A New Era: The Bitcoin-Backed Monetary System
The absolute stupidest idea I have ever heard. The timeline and description along the way is accurate and makes complete sense UNTIL, you get to the final thesis. Yes, fiat is shit, but Bitcoin is diarrhea dog shit. Why would you not just go back to what worked for thousands of years, gold? Of course, the author and Bitcoin enthusiasts want to use Bitcoin because it favors them and other Bitcoin holders versus banks and other holders of gold. I can understand the desire for something different but the only thing that has ever(or will ever work) is gold and silver. https://www.zerohedge.com/crypto/new-era-itcoin-backed-monetary-system