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2025-06-04 12:17:12

mike on Nostr: To quote a famous British plitician: 'Many forms of Money have been tried, and will ...

To quote a famous British plitician:

'Many forms of Money have been tried, and will be tried in this world of sin and woe. No one pretends that Bitcoin is perfect or all-wise. Indeed it has been said that Bitcoin is the worst form of Money except for all those other forms that have been tried from time to time.…'
WE'RE DOING IT, WE'RE F***NG UP BITCOIN

Cat JPEGs
Rehypothecation
Fiat loans against Bitcoin
Companies using debt to buy Bitcoin so they can stop doing anything useful
Countries securing debt with Bitcoin
Seedless storage
ETFs
ETNs
Bitcoin Bonds

Back in 1944, we at least waited for the gold standard to start before f***ng that up.
Author Public Key
npub1aqakd28d95muqlg6h6nwrvqq5925n354prayckr424k49vzjds4s0c237n