George Gilde: Virtual currency supporters should give up the idea that stable coins can replace the dollar

According to AMBCrypto, Ed Moy, former director of the US Mint, and George Gilder, an American investor and economist, on the nature of sound currency and bitcoin and other virtual How the currency (including Facebook's Libra) debated it, and said that the supporters of virtual currency must give up the idea that it is reasonable to stabilize the currency in dollars or to replace the dollar with a basket of commodities. Currency is a ruler, not the central bank's wand. A ruler cannot be part of what it measures, so if the currency is a ruler, it must measure the scarce element, which is inevitable, unstoppable, and unchallengable.