Gold Standard vs Cryptocurrency
Dear Community
Before fiat money, the monetary system which is the basis for the international is a gold standard.
In 1879, countries agreed their currency’s value was linked to only a fixed quantity of gold, not any other asset. Anyway, in 1931, the gold standard was replaced by fiat money starting with Britain and the U.S. allowing central banks to print as much money paper as they needed during the first world war.
Without a gold standard, the U.S. dollar became the global reserve currency. The downside of flexibility in the issuance of money is inflation. That’s why the gold standard was appealing in the first place.
Cryptocurrencies can be called digital gold since they have the same prominent point: limited issuance. This is the technology that can set the new standard of the monetary system. C-CASH is also a cryptocurrency designed for any possibility and can be used online with its stable value.
Official Community
📢 Website : https://www.c-cash.io/
📢 Telegram group : https://t.me/CCASHOfficialGroup
📢 Twitter : https://twitter.com/ccash_official
