Seven Stages Of Empire - page 2. | Bitcointalksearch.org

Carlton Banks

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Quote from: solex on August 28, 2013, 07:18:28 AM

I watched this recently too. However, I think the gold-bugs are going to get a shock when the current fiat systems melt down. It will be cryptocurrency which replaces fiat, and gold will slowly become a commodity metal like platinum and silver are mostly already.

As everyone keeps saying: gold + precious metals have intrinsic value, which turns out to mean that they are more valuable for their physical properties than they are for their value storage properties.

solex

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100 satoshis -> ISO code

I watched this recently too. However, I think the gold-bugs are going to get a shock when the current fiat systems melt down. It will be cryptocurrency which replaces fiat, and gold will slowly become a commodity metal like platinum and silver are mostly already.

Carlton Banks

legendary

Activity: 3430

Merit: 3079

Quote from: Lethn on August 28, 2013, 01:44:07 AM

I didn't know about the Greeks debasing their currency if that's true but it shows you how often it happens in history.

Shows you how much genuinely interesting (i.e. the real mechanics of empires and states) history never gets taught at school. Maybe keeping certain history taboo is the only thing that actually makes it interesting though Cheesy

Lethn

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https://www.youtube.com/watch?v=EdSq5H7awi8

I found this documentary pretty interesting and it's not as long as some of the ones I've looked at because it doesn't go into as much detail with the history so the facts may need to be cross-checked. Some of you may find it handy if you want a more condensed version of what's going on with our monetary system, I didn't know about the Greeks debasing their currency if that's true but it shows you how often it happens in history.

Topic: Seven Stages Of Empire - page 2. (Read 3303 times)