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Replying to Avatar Jonathan

Random and probably inaccurate thoughts.

The federal reserve dollar system including all fiat currencies and their transaction methods like fed wire, swift, visa, etc are one complete system and gonna be around for a bit.

Bitcoin and its transaction scaling methods like lightning and even non-federal reserve issued tokens as money seem to belong to another system entirely.

Self issued fiat like cashu or community issued fiat like fedimint not only exist outside of the federal reserve system, they also pose a far different risk profile then a legacy bank, exchange, or shit coins, and offer a very positive privacy benefit(not all dollars are the same).

For this reason I've considered the ecash protocols that integrate on lightning in the ethos of the new financial system. Not sure if I'm representing this correctly nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg

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Brett Phillips 1y ago

I think nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe would agree that there are two disparate systems at play.

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Jonathan 1y ago

I think so too, and like a virus there is no way to destroy fiat, all we can do is move to the healthy system and hope that others do as well, so the sickness shrinks to be inconsequential.

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