Guy on Nostr: Nice article, thank you! One question, though. "Treasuries, the asset that actually ...
Nice article, thank you!
One question, though. "Treasuries, the asset that actually backs the digital dollars created from checking deposits by private capital creators": in what sense do Treasuries back the dollar?
For example, on a gold standard, a US Dollar note backed by gold meant one could literally redeem the note for gold coin.
One question, though. "Treasuries, the asset that actually backs the digital dollars created from checking deposits by private capital creators": in what sense do Treasuries back the dollar?
For example, on a gold standard, a US Dollar note backed by gold meant one could literally redeem the note for gold coin.