> "lack of Gold Standard is the real reason workers are poor"
I would argue that it is less about the lack of a gold standard and more about the lack of a hard money standard that cannot be debased by centralized powers such as governments and central bankers.
Bitcoin is an excellent substitute for gold as hard money since it also cannot be debased (i.e. inflated) by central actors. Debasement (money printing) steals the value of the purchasing power of the worker and gives it to those closest to those in power via the Cantillon effect.
Bitcoin is also much more easily verifiable than gold. There is no such thing as counterfeit Bitcoin. Either you receive valid Bitcoin on an address that you access through a wallet that supports the Bitcoin protocol or you don’t. No need to worry about an assay to ensure that your gold isn’t actually Tungsten.
I would argue that it is less about the lack of a gold standard and more about the lack of a hard money standard that cannot be debased by centralized powers such as governments and central bankers.
Bitcoin is an excellent substitute for gold as hard money since it also cannot be debased (i.e. inflated) by central actors. Debasement (money printing) steals the value of the purchasing power of the worker and gives it to those closest to those in power via the Cantillon effect.
Bitcoin is also much more easily verifiable than gold. There is no such thing as counterfeit Bitcoin. Either you receive valid Bitcoin on an address that you access through a wallet that supports the Bitcoin protocol or you don’t. No need to worry about an assay to ensure that your gold isn’t actually Tungsten.