Joel Schaefer

60%
Flag icon
Gold became the prime money of every civilized society precisely because it was the hardest to produce, but Bitcoin's difficulty adjustment makes it even harder to produce. A massive increase in the price of gold will, in the long run, lead to larger quantities being produced, but no matter how high the price of bitcoins rises, the supply stays the same and the safety of the network only increases.
The Bitcoin Standard: The Decentralized Alternative to Central Banking
Rate this book
Clear rating
Open Preview