First, good catch on the golf association...I was looking for his suggestion on what to pin it to, but never put that together, somehow. However, why do you say, “so, in a sense, they agree”? Gilder seemed to prefer unlimited bitcoin pinned to gold, right?
Post by twetch#12490
Gilder argued for fixed price and variable supply, not sure he pinned it to gold. The fixed rate of one BitCoin block per 10 minutes is similar to how Gilder asserts the amount of gold produced per unit time, i.e., "time-value" of gold remains constant.
What the chain says
- Block
- 623 128
- Time
- 2020-02-22T05:31:34Z
- Signer
- 17n1UjYJYSPFscU1rxZH2RX87vYx5BAi7z
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#12490
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
17n1UjYJYSPFscU1rxZH2RX87vYx5BAi7z VerifiedReplies (9)
Ahh. Ok. Thank you for that clarification; I'm still trying to wrap my head around his perspective, as I feel like there is something to what he is saying. It's still not clear to me how it would all come together. If clear to you, please elaborate.
Likewise.
I also liked Gilder's association of how time with everything because it boils down to frequencies (temperature, speed, etc). He mixed in measurements (meter, kilogram, etc) as well, which I struggled to find the relation (vs km/hr, wifi freq).
Agreed. Waves, all waves, are an expression of motion through some medium over time. Current is flow of energy and is a wave. No coincidence that currency has the same root word.