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Why Bitcoin Is Not A True Medium Of Exchange

Why did the world go off the gold standard? It’s a long story but the gist of it is that shackling a nation’s economy to the amount of gold in its treasury was much too painful and unstable.

Under the gold standard there was a fixed price with which currencies could be converted into gold. One implication…



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Tony Yiu

Data scientist. Founder Alpha Beta Blog. Doing my best to explain the complex in plain English. Support my writing: