Under a fiat standard where money can be printed at the discretion of a 12 member board, how does one know if prices are rising or if the currency is being debased?
Bitcoin eliminates that guesswork (once mass adoption is reached) due to the finite supply.
I don't see how Bitcoin has anything to do with bankruptcy laws or otherwise either. Sigh.
The Bitruvian Man
npub1wj…skxpx
2024-05-21 23:04:05
in reply to nevent1q…wrke
Author Public Key
npub1wjsu56flv3mckumrqr3tkkn2vr5kc2cwaan8z3zu66cdzqmf5p5qcskxpxPublished at
2024-05-21 23:04:05Event JSON
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"pubkey": "74a1ca693f64778b736300e2bb5a6a60e96c2b0eef6671445cd6b0d10369a068",
"created_at": 1716332645,
"kind": 1,
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"content": "Under a fiat standard where money can be printed at the discretion of a 12 member board, how does one know if prices are rising or if the currency is being debased? \n\nBitcoin eliminates that guesswork (once mass adoption is reached) due to the finite supply. \n\nI don't see how Bitcoin has anything to do with bankruptcy laws or otherwise either. Sigh.",
"sig": "25425c27089ccf74e42b5d7cf20d1eaba1f919e27794d95e284c92655a7a88b55418b6504882c2770c029cda7ffb7dab1aa150920452031401e0b7df61690624"
}