ExponentialApe on Nostr: If dollars are debt and you’re buying a house with dollars, That presupposes the ...
If dollars are debt and you’re buying a house with dollars,
That presupposes the issuer of those dollars has an implicit claim on that house.
So you’re not even able to truly buy a house, you’re redeeming dollar permission slips that permit you to use their house with an option to renew that permission every year with the payment of a property tax.
#Bitcoin fixes this.
That presupposes the issuer of those dollars has an implicit claim on that house.
So you’re not even able to truly buy a house, you’re redeeming dollar permission slips that permit you to use their house with an option to renew that permission every year with the payment of a property tax.
#Bitcoin fixes this.