RalphChampagne on Nostr: Well done! ...

Well done!

quoting nevent1q…s357

People got rid of emperors, churches and ideologies, but when it came to the question of money production, they said to themselves: we don't know anything about that, let's leave it to a banking monopoly and the governments. With fatal consequences. The fiat money system ended up biting itself in the tail.

The price of this timidity: a bloated financial sector, fiscal excesses, costly wars, hyperinflations, currency reforms, creeping or abrupt expropriations. No state paper currency has survived in the long term. The bullshit filter of history shows: Governments are the worst possible currency managers. Fiat currencies are dinosaurs that were never allowed to die and have been kept alive again and again in cloned form. But Bitcoin is the approaching meteorite.

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