Comments by "sdrc92126" (@sdrc92126) on "Why Were Gold and Silver Prices Clobbered on June 7th, 2024?" video.

  1. No, because you cannot arbitrarily create it "by decree" (the translation of fiat from Latin). BTC meats most of the requirements of Aristotle's Good Money: "Durable: Money must stand the test of time and the elements. It must not fade, corrode, or change through time; Portable: Good money needs to hold a high amount of 'worth' relative to its weight and size; Divisible: Money should be relatively easy to separate and re-combine without affecting its fundamental characteristics. An extension of this idea is that the item should be "fungible", defined as "being freely exchangeable or replaceable, in whole or in part, for another of like nature or kind." Intrinsically Valuable It does have a huge Achilles heal however and will be dead in a decade.
    2