Hackernoon logoWhy Crypto: The Gold Standard by@Dane

Why Crypto: The Gold Standard

The Gold Standard is a system designed to protect the value of paper money by tying it to gold. As long as people trust gold, money has value, we must trust that regardless of the perceived value of our paper money, we’ll always be able to swap it for gold. Today, speculative investing drives crypto prices massively up or down on a whim, but as the world becomes more comfortable with this technology, cryptocurrencies could eventually be far more stable and reliable than traditional money. We need to stop treating healthy skepticism as “naysaying,” which alienates people and makes cryptocurrency feel more like a cult than a technology.
Dane Lyons Hacker Noon profile picture

Dane Lyons

Co-founder of Coin Field Guide


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