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That's not how money works. All money is an asset. Cash is a coupon for the asset. In essence layer 2s like lightning and liquid are cash. Bitcoin is digital gold but better. Jack is incorrect just from an economics standpoint. Currency never was supposed to hold value. The deed to a house is not the asset, it is a coupon claim for the asset. Cypherpunks and economists need to talk to each other more.
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But what about when gold was used as currency/cash? What was the coupon then? Thanks.
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