The BitCoin/Gold ratio has held steady (with the normal noise) since the election last year. It's the Global Reserve currency Status of the dollar that's in question now.
We haven't had a good president since Eisenhower.
ProllyInfamous · 1h ago
I still remember the shock I felt when first 1 bitcoin >>> 1ozt. gold [0]
Exciting that we're creating a new global economy with reserves to be held in gold, bitcoin, & SDRs [1]; perhaps bankers will stop the past decades fighting against Keynes' true economic miracle proposal: issuance of the global Bancor [2], instead of this [always silly to me] petrodollar hegemony.
[0] disclosure: I HODL small amounts of each
[1] IMF's "Special Drawing Rights," which cannot be citizen-owned
[2] wikipedia.org/wiki/Bancor
ur-whale · 8h ago
110k now officially broken.
ProllyInfamous · 1h ago
A wealthier friend jokingly said to me, last week, "do you think it'll ever be $1,000,000/btc?!"
To which I informed him "that's only moving the decimal place just one more position — I've already seen it happen five times!"
This simple revelation shocked us both (both: me saying it, him hearing it).
I'm excited for what the post-Dollar world will allow (albeit with a long period of "readjustment," particularly for US citizens [of which I am, still]).
Triffin's Dilemma... just got even more interesting =P
mckirk · 33m ago
I'd suggest looking at the BTC chart with logarithmic scaling. I'm not saying it won't happen, but you can distinctly see how the exponential growth has greatly slowed down over time, so the move from 100k to a million is definitely not the same in terms of momentum and likelihood as the one from 10k to 100k.
(Of course that was under the previous 'house rules'; who knows what announcement will come out of the White House tomorrow.)
We haven't had a good president since Eisenhower.
Exciting that we're creating a new global economy with reserves to be held in gold, bitcoin, & SDRs [1]; perhaps bankers will stop the past decades fighting against Keynes' true economic miracle proposal: issuance of the global Bancor [2], instead of this [always silly to me] petrodollar hegemony.
[0] disclosure: I HODL small amounts of each
[1] IMF's "Special Drawing Rights," which cannot be citizen-owned
[2] wikipedia.org/wiki/Bancor
To which I informed him "that's only moving the decimal place just one more position — I've already seen it happen five times!"
This simple revelation shocked us both (both: me saying it, him hearing it).
I'm excited for what the post-Dollar world will allow (albeit with a long period of "readjustment," particularly for US citizens [of which I am, still]).
Triffin's Dilemma... just got even more interesting =P
(Of course that was under the previous 'house rules'; who knows what announcement will come out of the White House tomorrow.)