Why Crypto: The Gold Standardby@Dane

Why Crypto: The Gold Standard

tldt arrow
Read on Terminal Reader🖨️

Too Long; Didn't Read

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.

Company Mentioned

Mention Thumbnail
featured image - Why Crypto: The Gold Standard
Dane Lyons HackerNoon profile picture

@Dane

Dane Lyons

About @Dane
LEARN MORE ABOUT @DANE'S EXPERTISE AND PLACE ON THE INTERNET.
react to story with heart

RELATED STORIES

L O A D I N G
. . . comments & more!
Hackernoon hq - po box 2206, edwards, colorado 81632, usa