NEW: nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle joins Timcast to deliver a powerful lesson on the fundamentals of good money.
In conclusion, Tim Poole responds, "If you just think about it, the US dollar system is a Ponzi scheme."
What? Doesn't the system have to be deflationary in order to be a Ponzi scheme? It seems to me that the reason people use fiat and the US dollar is because they actually want to buy things with it. Not because they think that they're going to get a magical payout at some indeterminate point in the future.
