Bitcoin is not sound money yet. But it can be, if we apply sound economics, put in the hard work, and bring the grit required to finish what began with Bitcoin. Then “Fix the Money, Fix the World” can become more than a slogan: it can become reality.
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Fix the money, fix the world is obviously such a faggy slogan.
Think about it; you really need someone else to do the thinking here for you?
Good point, thanks. Will change.
I think this is an interesting question:
I really enjoyed this whole post, but ik struggling with the BitCredit concept. I've tried to wrap my head around it a few times, but am still a little fuzzy:
It is probably the consequence of my own ignorance, but when the article describes these credit bills, I don't understand what it means.
In particular I don't understand how this works:
The self liquidating part is curious to me. But also most of the other statements in this paragraph.
"Self-liquidating" essentially means that fiat banks are not needed, central bank monopoly forces them in.
In Bitcoin, finality now comes from the goods being sold by the merchant. Economic reality.
Best try it out, it's FOSS. The 'finished' parts (Alpha versions) are already open repository on GitHub.
Retail money (for everyone, instant, private, cheap):
– Apple https://testflight.apple.com/join/EjhdhNFh
– Android https://play.google.com/apps/testing/org.bitcr.wallet
Wholesale money (for businesses):
– testnet.minibill.tech
Interesting, so gold was a base layer rarely changing hands, with paper credit notes becoming the moe
In that context, Bitcoin is a base layer with Saylor's credit narrative...ergo..paper Bitcoin
Not in agreement lol
Well. a monetary system simply does not work without the right kind of paper.
Neither do they work with the wrong type of paper.
Not the right place for a lack of nuance.
In any case, it does not ask for permission.