You can still use electronic tokens. They simply must be backed by gold. That's all.
The problem is the cartel running the fed can't resist counterfeiting their currency in order to allow our criminal government to steal citizens wealth.
Well you know how ETFs work, right? My idea has been a pool of metals, maybe including Bitcoin and using that to derive a given value for the reserve currency. You can then attach a stablecoin to it to service the digital economy. But including Silver, Palladium and Platinum is probably also important.
The problem with any derivative instruments is it's very easy to hide toxic underlying assets. Your solution only works when you have trustworthy stewards. The criminals running the financial system today are there to rob us of all our wealth. Even gold is subject to fakery by plating tungsten bars and must be assayed in order to trust that it is what it appears to be. I can't remember the last time any gold reserves were audited. I must assume there are no more legitimate gold reserves. My only question is, who has all the gold?
Certainly not China. But the element of trust being removed is a huge aim of the trustless Blockchain world. Whether we like it or not, we already live in a digital world and not offering digital solutions to our problems would be a very lacking outcome. I know a lot of people tend to be very suspicious of digital money considering the ruse of USD, but it's a crucial fix to a world where things are already digital. See, too many people think USD isn't digital, but you might be surprised just how little of it there is in physical circulation. Sure, there's tons of it in the ME thanks to Barry's faggotry, but the amount of cash that exists already today compared to what's on the Federal Reserve's private ledger is only a laughing matter.
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