finance

your regular reminder that markets and inflation were much more volatile under the gold standard than under the Fed, which is why there were frequent recessions, banking panics, and other financial crises under the gold standard.

the future of money is something better than both, because they both are shitty for different reasons.

/bettik founder /outercorps stalwart | ex-binance, ex-celsiusX

/web3punks w3pnfts.xyz @w3p.eth & Meme Lord.

Awesome as usual. 
Do you do meme coins ?

Founder of /buildingbears , moderator of /success and /collectorscanyon



i was a product leader for some DeFi and CeFi teams last cycle. these days i'm working on my own projects

A tech-savvy visionary, passionate about blockchain innovation and the future of decentralized finance. 

great question. i have my own vision, but i'm open to many others.

because of my commodity background, i've seen the benefit to creating financial instruments that represent physical assets because they allow hedging, trade commitments, separating physical transfer of goods from money transfer, etc. so my vision of money is where all physical assets and goods, from commodities to finished goods, are tokenized. once that is accomplished to an adequate degree, our money becomes wrapped baskets of these underlying tokens, and that means that our money can be easily engineered to always represent the cost of living.

but this system is too complex for humans to manage, so it'll only happen once we all have AI agents managing our financial transactions for us, and we just view a simplified perspective of it.

What should a future monetary system look like?

There is an enormous psychological impact on society when controlling the money supply that I didn't truly grasp until I got into crypto. By adding/removing dollars into circulation the fed can keep the value of one dollar mostly stable relative to the GDP. Even if the GDP doubled in a year due to some industry booming, my Starbucks latte still costs about $5.
This is very powerful.