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StackSats.IO 1y ago

This is a weird rabbit hole to go down for those uninitiated. Worth spending a few hours understanding the how and why behind it nostr:note13fcj9ye6cmulxtqr8tmlepx68u4gpvpqxm582dp4an07lkjax3ks36a8p0

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Tim Bouma 1y ago

McDonald’s is a real estate company.

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mike 1y ago

What’s an example of a fake estate company?

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Tim Bouma 1y ago

Selling timeshares for unbuilt condos.

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Toxic Bitcoiner 1y ago

Fannie, Freddie, and Ginnie 😉

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plebiANON 1y ago

Have you read The Fiat Standard?

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StackSats.IO 1y ago

Yep, I don’t agree with Saif 100% of the time (ie on how BRICS plays out although I could be wrong myself) but I think he’s the best brain we’ve got.

nostr:note1y6afmap03caqj26taazvq55h9hxjzkqn8hmc5rjnkz6q05aj5y8smm45ve

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plebiANON 1y ago

He is a genius in my opinion. Definitely shouldn’t agree with someone on everything. But The Fiat Standard blew my mind. I really can’t refute anything in there and that’s why every company becomes a bank.

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Toxic Bitcoiner 1y ago

I don’t even agree with myself on everything.

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plebiANON 1y ago

Haha. Exactly.

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nobody 1y ago

Yep. His books have taught me lots about economics, and I am thankful for that. But his politics is less convincing.

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Change this if you want 1y ago

Bitcoin Standard and Fiat Standard are only two books that needs to be read!

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plebiANON 1y ago

No doubt. I would throw the Bible in there as well 😉