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RE: Is Bitcoin Overpriced? | Bitcoin TA

in #analysis6 years ago

When you think about it, any cryptocurrency is just another version of a gold standard. And if, as crypto enthusiasts seem to suggest, the entire world just adopts this new cryptocurrency, then all would be fine. I've recently made a post about whether that's actually such a good idea or not:

https://steemit.com/politics/@politikhos/bitcoin-would-be-a-new-gold-standard-and-maybe-that-s-a-bad-thing

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But paying directly with Bitcoin (or his second layers) is far more easier than doing it with gold. Why would you need a central authority to issue its own currency that is backed by Bitcoin?

I briefly read your article. I have no idea how you came to a conclusion that just with one currency, poor countries would be poorer and rich richer. I think that makes no sense.