Hi Alexander,

Thanks for reading and commenting on this article - I appreciate it!

So when you talk about hard money, a phrase you use multiple times, you should be aware that there is a specific definition for what hard currency is:

https://www.investopedia.com/terms/h/hardcurrency.asp

“…Hard currency refers to money that is issued by a nation that is seen as politically and economically stable. Hard currencies are widely accepted around the world as a form of payment for goods and services and may be preferred over the domestic currency…”

So by definition, Bitcoin is not a hard currency… in fact most people would define it as the classic soft currency.

Gold is not a currency either, and no sane growing, developing or developed country would go back to a gold-backed currency if given the choice.

The volatility you attribute to oil and gold prices are exceeded by Bitcoins short history of volatility. Gold and Bitcoin share the essential problem that their value is set by the volatile opinions of the marketplace, which usually gets the prices and values of things completely wrong.

A totally rigid, inflexible “monetary” policy is not a policy - it is dead. The point behind a policy is to know how to respond when things go bad (they always do, like electing a narcissistic nutmeg like Trump) and what to shoot for when recovering (which is often, like now having a sane and capable executive like Biden having to steer us out of Trump’s pandemic disaster).

As far as central bank blockchains being a false narrative, the movements of governments around the world disputes your claim. It is already happening. Get out of BTC now before it is too late.

As Elon Musk himself said just a few days after Tesla invested in BTC, crypto is only a little less bs than dollars.

Good luck out there.

SD