Replying to Avatar StackSats.IO

Senator Cynthia Lummis suggests the Fed’s gold certificates should be revalued from $42.22/oz to current market prices and then sold to buy Bitcoin.

Um, who is going to buy gold certificates?..

They’re literal pieces of paper 😂 https://v.nostr.build/NEsYDk7K3qorgm2U.mp4

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roll_the_dice 1y ago

I believe the fed would then give them cash

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StackSats.IO 1y ago

They can do that without the ridiculous accounting trick in the middle.

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roll_the_dice 1y ago

All fiat money is a con game, you have to confuse the masses for it to work

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roll_the_dice 1y ago

At the end of the day it always comes down to the same thing.. print more money