1utxo on Nostr: The root problem with conventional currency is all the trust that's required to make ...
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electroni-cally, but they lend it out in waves of credit bubbles with barely a fraction in reserve. - #Nakamoto
Published at
2024-01-29 02:19:43Event JSON
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"content": "The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electroni-cally, but they lend it out in waves of credit bubbles with barely a fraction in reserve. - #Nakamoto",
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