Life at the Top

Snow’s question was exactly what Jagoan wanted.

The answer to Snow’s question was in their next plan.

“Snow, you are right. If you want to better promote this digital currency system, you need a physical endorsement. Then what are you planning to do?”

Snow was curious, and then he started to mutter to himself, “Gold will definitely not work. Gold is already a universal currency. If gold is used as collateral, the significance of Bitcoin will be greatly weakened. It would be like gilding a lily…

“Silver is definitely not good either. Silver corrodes easily and is essentially a carrier whose value cannot be retained for a long time. If you use it as collateral, it is equivalent to saying that Bitcoin is a constantly depreciating asset. This is contradictory to the idea of designing a deflationary demand system to allow Bitcoin to appreciate.”

Snow loved to think, so before Jagoan could answer, he began to think about the answer himself.

As he thought about it, Snow’s frown deepened. He listed many precious metals, but in the end, he found that none of them were suitable.

distressed look, Jagoan reminded him, “How

a moment. After that, he realized, “Yes, oil is good. Why

its value is no less than gold. Moreover, it is limited. As more and more oil is mined, its supply and demand curve will be in the same deflationary direction as Bitcoin, so it’s suitable! And, oil has never been used as currency, so there is no functional

about it, the more he realized that what Jagoan said made sense. Hence, he became more excited. “Laine, you are

Jagoan. Right now, he wanted to hug Jagoan and kiss

quickly stretched out his

Snow, Somerland doesn’t have the custom of being so

said embarrassedly, “Laine, I’m sorry, I was

Then, he turned around and saw Jagoan, who seemed eager

“excited” for a while. However, Jagoan probably would not