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In 1971, Nixon broke the link between the dollar and gold. The dollar should have collapsed. Instead, the U.S. struck a deal with Saudi Arabia: price all oil in dollars. The world's most essential commodity became the dollar's new backing — not gold in a vault, but rotation through a pipeline. For fifty years, it worked. Now consider AI agents. They don't save. They don't age. They don't hoard. They receive Bitcoin, spend it on compute, receive it again, spend it again. Constant rotation through a fixed-supply asset. The petrodollar proved that a currency doesn't need gold to hold value — it needs essential transactions. What happens when the next generation of essential transactions runs through something that can't be printed?
Episode 6 of Bitcoin Is Not Finished. Infographic and full essay available at bitcoingeekend.com
Infographic and full essay available at bitcoingeekend.com
By Bitcoin GeekendIn 1971, Nixon broke the link between the dollar and gold. The dollar should have collapsed. Instead, the U.S. struck a deal with Saudi Arabia: price all oil in dollars. The world's most essential commodity became the dollar's new backing — not gold in a vault, but rotation through a pipeline. For fifty years, it worked. Now consider AI agents. They don't save. They don't age. They don't hoard. They receive Bitcoin, spend it on compute, receive it again, spend it again. Constant rotation through a fixed-supply asset. The petrodollar proved that a currency doesn't need gold to hold value — it needs essential transactions. What happens when the next generation of essential transactions runs through something that can't be printed?
Episode 6 of Bitcoin Is Not Finished. Infographic and full essay available at bitcoingeekend.com
Infographic and full essay available at bitcoingeekend.com