Quote:
Originally Posted by Ethersync
Lots of countries will stock up on gold now with all the talk of some kind of new quasi gold standard coming once all the dust settles with our economic problems.
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it's a shame that "betting on the future" systems that were predicted back in the cypherpunk days never materialized. (
http://www.longbets.org/ doesn't count, it doesn't have the scalability and anonymity of a true future betting system)
cuz i'd be happy to bet you that unless civilization collapses back to an 1800s state no serious country would move to a gold standard, unless it's a part of a market basket.
the idea that countries are inevitably moving to a universal external standard for money is probably right, but it will be something like a market basket, or maybe a measure of energy like the kilowatt or the calorie.
such talk does not bode well for the united states.