Gold and silver do in fact compete. The world had a sound money system based on silver for ~1500 years. Banks began to push/lobby for a gold standard specifically to displace and devalue silver. They key was supply and divisiblity: there isn't enough gold and its not practical for a day to day money, you could lose a life savings with a sneeze. so people under a gold standard are forced to use a representational money, becauer their silver is losing value while physical gold is impractical. It's pretty obvious why banks preferred gold over silver.
The logic of all this is utterly simple: money is a network, and thus subject to the network effect. All money value is network value; when multiple money systems exist they are in competition. And the default state in a free market is a single global money system.
So yes, btc maximalism is the only informed pov for a sound money advocate, based on an understanding of economics and game theory. And bitcoin maximaliats are not hostile to either gold nor silver because they are not viable competition. But they are hostile to shitcoins.
npub17e…9yvq6
2026-09-11 22:05:54 UTC
in reply to nevent1q…an8m
Author Public Key
npub17e09xe84y48qtkrppwxqrep5gqswk23wczmy92g7neu6da5garesp9yvq6Seen on
wss://nostr.momPublished at
2026-09-11 22:05:54 UTCEvent JSON
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"content": "Gold and silver do in fact compete. The world had a sound money system based on silver for ~1500 years. Banks began to push/lobby for a gold standard specifically to displace and devalue silver. They key was supply and divisiblity: there isn't enough gold and its not practical for a day to day money, you could lose a life savings with a sneeze. so people under a gold standard are forced to use a representational money, becauer their silver is losing value while physical gold is impractical. It's pretty obvious why banks preferred gold over silver.\n\nThe logic of all this is utterly simple: money is a network, and thus subject to the network effect. All money value is network value; when multiple money systems exist they are in competition. And the default state in a free market is a single global money system.\n\nSo yes, btc maximalism is the only informed pov for a sound money advocate, based on an understanding of economics and game theory. And bitcoin maximaliats are not hostile to either gold nor silver because they are not viable competition. But they are hostile to shitcoins.",
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