What is Nostr?
triskal / Shawn
npub1lvf…ukxq
2024-06-26 06:32:30
in reply to nevent1q…uqrm

triskal on Nostr: LynAlden's Broken Money has the answer to this. It was technological advancements ...

LynAlden (npub1a2c…w83a)'s Broken Money has the answer to this. It was technological advancements that made gold too cumbersome. Specifically that of communication: the telegraph kicked it off, then the telephone and eventually the internet. Transactions were moving faster than settlement so fiat and credit/debt were the only systems that could move at that speed.

But now we have Bitcoin, which is not only hard money, but can provide final settlement as fast as an internet transaction. Best of both worlds.
Author Public Key
npub1lvfkd274unyj4z54q7gmcuk4r00zjx5r24wt933f4yh7m4uqdzkqnmukxq