whoever relays stuff 🇵🇸🏴☠️🇺🇲 on Nostr: I mean a currency is backed by something if the issuer offers it to trade to back the ...
I mean a currency is backed by something if the issuer offers it to trade to back the currency
The dollar used to be backed by gold because the US issuing it would trade gold for it
Published at
2025-01-17 16:38:56Event JSON
{
"id": "ab2cfe9f8f06c3deb41af2a1f0ade4b460bef2ea21041bb076ac9f353aee4460",
"pubkey": "7776c32d4b1d1e8bf2a96babeb43ad9ade157bd363d89b87fb63e6f145558888",
"created_at": 1737131936,
"kind": 1,
"tags": [
[
"e",
"a34a627744b72c2a03ec4284d42a254c53d50ce8524ba3c9e17fb1bc7ca47563",
"",
"root",
"0575bf03c261c19508094def29ca943a5ab148c4f76c3798a45bbb1162a2b879"
],
[
"e",
"374a4826ff7724b375d0d06c927a4499110650999836f2997636f797be515a62",
"wss://nos.lol/",
"reply",
"0575bf03c261c19508094def29ca943a5ab148c4f76c3798a45bbb1162a2b879"
],
[
"p",
"0575bf03c261c19508094def29ca943a5ab148c4f76c3798a45bbb1162a2b879"
],
[
"p",
"7776c32d4b1d1e8bf2a96babeb43ad9ade157bd363d89b87fb63e6f145558888",
""
],
[
"p",
"0575bf03c261c19508094def29ca943a5ab148c4f76c3798a45bbb1162a2b879",
""
]
],
"content": "I mean a currency is backed by something if the issuer offers it to trade to back the currency\n\nThe dollar used to be backed by gold because the US issuing it would trade gold for it",
"sig": "90b4ae571c0edec410b207a0047688aa5dd821af42c0b918255213f92cf3ef8ae2fa61b37a9afd4f921218d72857bfe9804d666b7a1c800b1464fbc236c40d38"
}
