Bitcoin — Store of Value is a Useless Use Case
Why Digital Gold Won’t be a Thing
Prior to August 15th, 1971, a US dollar was worth 1/35th of an ounce of gold — known as the gold standard (actually the Gold Window, FDR had started the process of removing the gold standard in 1993).
This was a monumental moment. The gold standard kept the US (and other governments honest) — because…