This reminds me of something. Not sure what though.
Discussion
I learned something new today
I wonder how long until they decided to break their own “rigidly fixed” rule
That's the beauty of #Bitcoin. Nobody can break the rules, not even dictators. The code is the dictator. If you don't like the code, you're free to fork off and start your own shitcoin, but you can't change the rules.
You’ll never guess what happens to that fixed peg after WW2 once the good guys won.
I think tulips?
So tail emissions arent the future 😅
Sounds a bit like the dollar milk shake theory ?
Cant put my finger on it either….
So capped supply but what was it backed by?
Another Hitler W
It was effectively a "monetary miracle". The author was Hjalmar Schacht, Hitler's central banker. He issued monetary instruments for each unit of labour performed (non-inflationary). The key takeaway is that “fiat money creation” is not inherently bad and inflationary, but it depends on whether it is used for productive investment (non inflationary) or for consumption (inflationary). I have explained it all in this article here
https://primal.net/bitcoindollar/the-central-banker-who-resuscitated-germanys-dead-economy-after-wwi
And by the way - for those who care diving into the real hidden reasons of WWII - as usual, follow the money....
I imagine you're familiar with Richard Werner?
Mean this one?
https://www.youtube.com/watch?v=StTKHskg5Tg
Sure. I have also clearly explained the truth about the creation of money in my bitcoindollar book.
It was effectively a "monetary miracle". The author was Hjalmar Schacht, Hitler's central banker. He issued monetary instruments for each unit of labour performed (non-inflationary). The key takeaway is that “fiat money creation” is not inherently bad and inflationary, but it depends on whether it is used for productive investment (non inflationary) or for consumption (inflationary). I have explained it all in this article here
https://primal.net/bitcoindollar/the-central-banker-who-resuscitated-germanys-dead-economy-after-wwi
And by the way - for those who care diving into the real hidden reasons of WWII - as usual, follow the money....