5) Bitcoin in the Financial Produce Hierarchy

Source date (UTC): 2020-12-06 18:42:07 UTC

Original post: https://twitter.com/i/web/status/1335655777030320130

Replying to: https://twitter.com/i/web/status/1335637022824931336

IN REPLY TO:

Unknown author

4) The honest question is whether gold, ever in history served as money – and the answer is “no”. Gold coins were too expensive, and served as money-like commodities, only liquid in certain conditions, just as they do today, because the value is too high, and liquidity too low.

Original post: https://x.com/i/web/status/1335637022824931336