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frphank
47be0b2a89faaa66bc57f5c679203486da45660295cb3db3c2f38f4be8d8816e
Autopoietic. Scratching things from chaos. Homesteading the noösphere. Opportunity farmer: Reading things that are not yet on the page. Haskell. Dollars only, thanks.

Everyone's heard about it by now.

You can also have parallel circular economies, one for fiat one for whatever other thing you have, without interchange between them.

But it's not happening.

Hey totally can you code this please and sign me up when you're done thanks.

Replying to Avatar Felipe

It is a refreshing perspective to consider, when my beliefs have caused much animosity and resentment:

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a suggests that the introduction and need for speed in the settlement layer of domestic and international transactions not satisfied by the properties of gold, was the main incentive for policymakers and central bankers to issue more paper claims for gold in relation to actual gold held in reserves.

It was the evolution of technology in the global financial system, or lack thereof, that incentivized what we today call money printing, not greed or evil.

When I understood her point, my heart started to heal from the correlated anger and frustration for cental planners.

Sure, they are to blame for misusing the system to their advantage, however not for the ability to misuse it.

#economy #USDebt #bitcoin

Paper was detached from gold to allow for a growing money supply to support a growing economy.