Cash is NOT king, it's an IOU

If cash were an IOU for bars of gold, you might think you could withdraw a load of cash from an ATM, walk down to the Bank of England, and redeem your gold.

WRONG.

You can no longer exchange banknotes for gold; this has not been possible since the early 1930s.

An IOU is defined as 'a signed document acknowledging a debt.'

So next time you think cash is king, just remember you're essentially showing off all the debt you hold.

These days ONLY #Bitcoin fixes this centuries old counterfeiting operation!

#stacksats #BeHealthy #LiveGood 🍀