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Illya Gerasymchuk
Entrepreneur / Engineer
User Illya Gerasymchuk -

2025-11-05 21:14

My article on Gold vs Bitcoin, and how Bitcoin needs Gold, but Gold doesn't need Bitcoin: https://illya.sh/threads/bitcoin-needs-gold-gold-doesnt-need-bitcoin.html

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Gold is within the fabric of money, not just Central Banks A lot of posts on X frame Central Banks as malevolent institutions, and by some form of conspiracy they hold gold in their reserve accounts. And apparently not holding gold is a step towards monetary freedom - even more if you forego an atomic element (Au) for a cryptographic computer algorithm (Bitcoin). A more productive approach is asking why do Central Banks chose gold over all other commodities and assets. Every single world reserve currency, without exception, started on a gold and/or silver standard. Gold has been used as money for over 5000 years. I've written several articles on what makes gold so special and how Bitcoin is not a replacement for gold. I'll leave them linked below

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