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Brix Jørgensen
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Tick-tock, next block

“Backed” is a fiat term, invented to describe the relationship between bank notes and the money (gold) that they represented. Bitcoin is itself money, so the term doesn’t apply. Fiat of course abandoned the hard asset that backed it, replacing it with “faith”. ✨

Credit Suisse, we’re looking at you. 👀

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Degens with leveraged longs rekt the degens with leveraged shorts rekt the degens with leveraged longs

Octopi are definitely sentient. All animals are, and they’re one of the most intelligent ones. They have limited land mobility and social coordination though.

What will it take to convince the average Westerner that the global fiat money system is broken? Is hyperinflation the only thing that works? 🤔

Welcome aboard 👋

Chancellor on brink of 6th bailout for banks