Our forefathers were imprisoned by Gold, we are returning to that same prison with Bitcoin. Banks will still wield BTC as Debt money.
Banks and governments, and others looking to create something out of nothing, were restricted by gold.
You are starting a thread on fundamentals in the psychology of wealth-building. Gold is important as BTC is important because man has fear. Fears are subsided with a form of security.
To add to that, man holds a cash balance to prepare for uncertainty.
There's always uncertainty. Just makes us feel better. So, anything to mitigate risk and the feeling of suffering.
Not exactly. You can still create debt money with Gold. Just lend 1$ to your friend and him lend it again and once more, congrats, you indebted 3$ of goods with 1$. No printing needed.
