I just realized fiat is layer 2

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#YESTR

Layer 1 is endless debt secured by opaque involvement in violence and destruction to maintain dominance over, primarily, energy

…or something

yes USDT UDSC EURT EUROE ...

Check out Layered Money by Nik Bhatia for more about that.

Indeed. Fiat is ‘Faster Horses’

“If I had asked people what they wanted, they would have said faster horses.” - Henry Ford