Methinks the Blockchain is still a great invention. Bitcoin is so volatile because it's not pegged to any permanent unit of value.
That is why we need a Gold Backed Blockchain.
The Blockchain was invented to prevent the Double Spending problem. The US Dollar is flawed because the FED has an unlimited supply a.k.a.,"printing press".
Why Gold IS Money: AU cannot be counterfeited. AU is finite and rare. Gold does not Spoil. Gold is Fungible and Portable.
Why a Gold Backed Blockchain is better than Bitcoin: XAU or,"crypto gold" would stabilize all the volatility troubling other "unbacked" cryptos.
Methinks the US Treasury Dept could issue a legitimate Crypto Gold Blockchain that would function better than any other unbacked fiat or unbacked cryptocurrency.
What do you think?
