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Best Replacement For USD Is A New Non-Currency Resources Certificate Paper
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Topic: Best Replacement For USD Is A New Non-Currency Resources Certificate Paper (Read 178 times)
NotATether
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In memory of o_e_l_e_o
Re: Best Replacement For USD Is A New Non-Currency Resources Certificate Paper
August 22, 2024, 08:29:28 AM
#21
A resource certificate paper is going to be much more volatile and most fiat currencies, depending on the resource you are using for backing. Oil in particular will make OPEC very happy as they can become richer simply by producing less oil to the market. So it is a very bad idea. It will be a logistical nightmare too. Why re-invent the wheel when there is already Bitcoin?
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