Alright, let's deep deeper.
- What is a dollar..
IOU - what's the value of the debt? What has to be repaid? (Beware of circular definitions)
If I give you one paper dollar with a dead American president, most people would say it's a dollar. But that would mean it's an IOU. Who owes who what in this case?
- Bitcoin is arguably a database entry in a (in this case distributed) ledger. Is it not money and not yours? Or what is the difference?
Why would a bank give you cash when you make the number lower (also called a withdrawal). If it's not yours, they should not give it to you, only to rightful owner.
- how many dollars there are - relates to the previous question. Answer is surprising: no one really knows. Because of eurodollar system.
Juraj
npub1m2…lr8p9
2025-04-22 19:37:16
in reply to nevent1q…qe6t
Author Public Key
npub1m2mvvpjugwdehtaskrcl7ksvdqnnhnjur9v6g9v266nss504q7mqvlr8p9Published at
2025-04-22 19:37:16Event JSON
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