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Replying to Avatar ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ

also, i call bullshit on the thing about credit as money being ok, credit, debt, two sides of the same fiat coin. so long as there is a monopoly on issuance of credits there is an asymmetry in the power relations and theft can be achieved without any obvious trace of an attack having taken place. that's why bitcoin is so important (and i can tell that you are a chia fanboi because you mention proof of space/time, which also will not scale because state sized actors with their credit money can monopolise the required "space and time" access through their monopoly on money.

you have to be uncompromising about the hardness of the currency supply. it's a slippery slope that is absolutely not a fallacy. it's like the path to sexual assault, starts with bawdy expressions, continues to unwelcome touch, and then to rape, very quickly.

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Ben Ewing 4mo ago

Comparing fractional reserve banking to rape is only something you’d read on Nostr. That’s more the reason why people know nobody will subscribe…

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