Sai on Nostr: I think fiat on the gold standard wasn’t perfect but for those times it was better ...
I think fiat on the gold standard wasn’t perfect but for those times it was better than money printer go brrr.
Fractional reserve banking and cyclical debt further destroyed the monetary unit, that being said, fiat itself is a shitcoin.
Published at
2024-07-18 12:13:47Event JSON
{
"id": "0976a96f6c1672437ab5072cba41d3137beb7210f011ec6ec538ec8cd0d3ba74",
"pubkey": "d2e6028f99deb2c76c8ebf34531bef058ef525f1624f74ad96e31cf9fb7b11e3",
"created_at": 1721304827,
"kind": 1,
"tags": [
[
"e",
"6b00ec2ba89e08d740b0e1bba5b340e2124033490708e30feb3909ef7bd211a0",
"",
"root"
],
[
"e",
"b14d2fbdccd442d08a41579990f8b6b83a7cd86d97f3b62d78c2a257f2d7774f",
"",
"reply"
],
[
"p",
"9924cc85a4f9ee13141979532c33fcb3d5496e8dba87365b52761393677425b0"
],
[
"p",
"2512a41fdc00470958292f6a72df1cb8440a7b1d458b3129aaaa10a5b42805d6"
]
],
"content": "I think fiat on the gold standard wasn’t perfect but for those times it was better than money printer go brrr.\nFractional reserve banking and cyclical debt further destroyed the monetary unit, that being said, fiat itself is a shitcoin.",
"sig": "a77c153780fd8e893c8c1c58049b6b41d4b3d3be96c60de954a53e4b31fb07e6e59fd7906d47585f12335669d7fbd8437394dfba392209b79dc81ed4a7154ea1"
}
