Bit Coin and the Gold Standard

The gold standard meant that money, either in transactions or paper transactions, tronic transactions, was something that was a great store of value. And so austrians have always been a big supporter of things like the gold standard. So we think that the innovator of crypto currencies and bit coin, was thinking along the lines of austrian economics when they put together the paper. In both cases, there's a tendency, with these better forms of money for the economy to grow faster than the supply of money.

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