If you don’t see how conflating IOUs with Hard Money distorts prices & artificially amplifies demand, then you also probably don’t understand that Fractional Reserve Banking does the same thing.
#Bitcoin solves the Lloyd Christmas Problem of Money.
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQ61Dd72R_8Qe1KHgaZz7bteyA24mrcJhu7XA&usqp=CAU
₿itcoin ₿ombadil
npub1pt…6vhsq
2023-09-23 19:03:07
Author Public Key
npub1ptasykarzj2cm7dc9wnyyqk4h6mhc0gznx4fe8ccl9hpnspnlhrqh6vhsqPublished at
2023-09-23 19:03:07Event JSON
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"content": "If you don’t see how conflating IOUs with Hard Money distorts prices \u0026 artificially amplifies demand, then you also probably don’t understand that Fractional Reserve Banking does the same thing. \n\n#Bitcoin solves the Lloyd Christmas Problem of Money.\n\nhttps://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQ61Dd72R_8Qe1KHgaZz7bteyA24mrcJhu7XA\u0026usqp=CAU",
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