Backing dollars and U.S. debt obligations with hard assets could help restore strength back to the dollar, rein in inflation and usher in a new era of American financial stability, peace and prosperity
Discussion
💯👏🏼
I'd rather fiat die tbh
Il faudra qu'ils mettent en route pour digitaliser ce dollar qui est trop symbolique pour la plupart des patriotes américains tous les Autres États ont pris le train sans oublier les banques et autres systèmes FIAT. 🙏 Et bon soir à vous tous
For real, man! 😅
I thought he was supportive of Bitcoin. 😏 What is this shit?!
Nope. Bitcoin replaces fiat
I'm not american, but honestly this would not solve any problem, because you still have inflation if banks are involved
Nous le savons tous eux aussi depuis le plus grand sauvetage, dès lors elles ont pris plus de pouvoirs sur les États dont certaines détiennent une partie de leurs dettes mais continuent quand d'imprimer à tout va ... Totalement ubuesque .'une Folie
Il faudra qu'ils s'y mettent en route pour digitaliser ce dollar qui est trop symbolique pour la plupart des patriotes américains car tous les Autres États ont pris le train sans oublier les banques et autres systèmes FIAT. 🙏 Et bon soir à vous tous
Good to see you here on Nostr #nostr #kennedy
nostr:note1dgh2ga7q397huzfcf9ah06ptvcxxwcmfx5yhctw0rh4t6ylvud4s0nrn75
Wrong.
The US dollar is broken, it doesn't matter what you back up with at this point.
The only prudent option is to move to a Bitcoin standard.
This you right now talking about backing the dollar with btc 🤣 🤣🤣🤣🤡🤡🤡🤡🤡🤡🤡🤡
Peace and prosperity for all people. Amen.
You’re…not…helping…
Could you go into more detail..
Bobby, this is a very bold initiative but holding 1% reserve of hard currencies is not backing the dollar.
Backing with Bitcoin or other hard currencies of unforgeable costliness means every dollar is backed and redeemable for underlying asset. If underlying asset is bitcoin, then we're going to need proof of reserves that anyone running a node can verify.
I know you're an avid reader. When you find time, I recommend reading Nick Szabo's "Shelling Out: The Origins of Money", which explains the concept of unforgeable costliness
https://nakamotoinstitute.org/shelling-out/
100 years ago, Henry Ford came up with the idea for the energy standard. Bitcoin is Ford's energy currency.
https://medium.com/capriole/the-energy-standard-b726edeed588
The Democratic party has lost its way in recent decades. Your campaign has sparked a felicitous resurgence in progressive Democratic values. Thank you for running.
*points upwards*
That’s bait.