Fiat = „not backed by anything“.
In my conversation with Prince Filip from Serbia, we dove deep into the nature of fiat currency. He explains that 'fiat' comes from Latin, meaning 'by decree.' Essentially, it's not backed by anything of real value; it's just paper with a government telling you it’s worth something. Digitally, it’s even more abstract—a string of zeros and numbers on a screen with no tangible value behind it.
This highlights why we need to rethink our relationship with #money and seek alternatives that hold real value.
https://fountain.fm/episode/1KwvPKI45TbEgdZ6a0Ji
#worldschooling #homeschooling #Libertarian #Love #Bitcoin #SelfSovereign #decentralizededucation #freedom
NotTheClemens / Clemens ⚡
npub198…kew2s
2024-09-05 08:40:30
Author Public Key
npub198krwyj8uc63n9auvx56gtc7gk60lmm63cgxd7j62nev3yquqk3shkew2sPublished at
2024-09-05 08:40:30Event JSON
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"content": "Fiat = „not backed by anything“.\n\nIn my conversation with Prince Filip from Serbia, we dove deep into the nature of fiat currency. He explains that 'fiat' comes from Latin, meaning 'by decree.' Essentially, it's not backed by anything of real value; it's just paper with a government telling you it’s worth something. Digitally, it’s even more abstract—a string of zeros and numbers on a screen with no tangible value behind it.\nThis highlights why we need to rethink our relationship with #money and seek alternatives that hold real value. \n\n\nhttps://fountain.fm/episode/1KwvPKI45TbEgdZ6a0Ji\n\n#worldschooling #homeschooling #Libertarian #Love #Bitcoin #SelfSovereign #decentralizededucation #freedom\n\nhttps://m.primal.net/KfGC.mp4 ",
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