This might be the most important thing you read today. 👇🏻👇🏻
I want to introduce you to a brilliant mind, Daniel Diaz, Executive Director of Citizens For Sound Money.
He brilliantly articulates why Bitcoin can NEVER be Legal Tender, and why ONLY GOLD AND SILVER can be Legal Tender AT A STATE LEVEL.
In Article 1, Section 10, Clause 1, the United States Constitution gives states the right to issue Gold and a Silver as legal tender, THAT IS IT.
IF BTC MAXIS WANT TO MODEL AN EL SALVADOR TYPE SYSTEM, WE WOULD LITERALLY HAVE TO AMEND THE CONSTITUTION THROUGH A CONVENTION.
The fact is, Congress is so dysfunctional, that will never happen! I like Mr. Diaz very much because he was entrenched in the BTC and blockchain community, and he now sees Gold and Silver backed as an ABDC at a state level as the ONLY SOLUTION REMAINING.
Personally, I agree; I truly see the states issuing ABDC's (Asset Backed Digital Currencies), where the state issues the digital legal tender specie from a stockpile of Gold and Silver, without a fractional reserve system, essentially solves the problem (at least for the states that choose that option)!
Success would breed more success, and the states that do not adopt a Gold and Silver-backed ABDC option will stay in perpetual decline by staying with the Federal Reserve Fiat Note. The system would also create continuous demand, causing the price of Gold and Silver valued in Federal Reserve Fiat notes to increase in price.
States such as Texas, Utah, Wyoming, Missouri, and New Hampshire, are leading the charge in this mission. Private public partnerships are likely the best way to go in this scenario.
I want to be very clear that ABDC is VERY DIFFERENT than a CBDC (Central Bank Digital Currency) - do your research.
Please watch the video, please follow Ron's basement (he's trying to get to 30k subscribers by year end), and put in the comments that Silence DoGood sent you! 👇🏻👇🏻👇🏻