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A comment on Bitcoin's mining difficulty has increased by 41.9% over the last 30 days. Parent comment

Re:Bitcoin's mining difficulty has increased by 41.9% over t... by crdoconnor on Tuesday December 22, 2015 @08:56AM (#10777746)
A gold standard makes debt deflation routine whereas fiat money systems make it much easier to adjust to systemic capital flows.

In essence the problems faced by Greece are due to a reinvention of the gold standard despite there not being gold involved this time around.

Point being that Gold only "worked" for a small elite and it was largely devastating to the rest.

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Re:Bitcoin's mining difficulty has increased by 41.9% over t... by vezzy-fnord on Tuesday December 22, 2015 @01:17PM (#10779316)
The problems faced by Greece are from a lack of monetary sovereignty, but to equate it as somehow being like a gold standard simply on locus of control alone sounds more like a political talking point than anything else.
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