binmucker on Nostr: Yea it’s pretty crazy to think that same 5 ounces in gold would be about $10,000 ...

Yea it’s pretty crazy to think that same 5 ounces in gold would be about $10,000 instead of $100 dollars. I enjoyed learning about how one of the Chinese dynasties shot themselves in the foot by adopting a silver standard, instead of a gold one. As it applies to bitcoin, I think the difference between silver and gold is a great example of why store value is more important than medium of exchange. Luckily, bitcoin can serve as both especially as lightning and other layers are built out.