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@ JackTheMimic
2025-02-26 21:23:37
Guy, Currency is BACKED BY A MONETARY ASSET. What is USD backed by, genius? Either you can't read or can't follow a logical train of thought more than a few ties. USD is a fiat asset after 1971. It is a terrible money, but more importantly its nature is muttled by its expansion by digital equivalence. A physical dollar is the asset, the numbers on a bank ledger are not always the asset and are the currency coupon of the USD asset. Hilarious that you think you have any idea about what you are speaking.
As for the ledger, bitcoin is in and of itself information on a ledger. The ownership of that encrypted information is locked behind cryptographic keys. I didn't say money is a ledger, I said bitcoin is information on a ledger. Dollars are a fiat asset. Digital dollars are currency on a ledger. And you have no clue what you are talking about.