The Coin Files on Nostr: #Fiat currencies are fundamentally flawed. Among these, the #USD is considered as the ...
#Fiat currencies are fundamentally flawed. Among these, the #USD is considered as the best of the worst, primarily due to its status as the world's reserve currency and its relative stability compared to others. Yet, its global dominance is a double-edged sword. The centralization of the world's monetary system, coupled with the extensive use and influence of the USD, has had a negative impact on global society and economies. It has contributed to widening the wealth gap and has constrained the growth of underdeveloped economies by exporting its monetary inflation.
#Bitcoin fixes this.
Published at
2024-01-09 16:47:31Event JSON
{
"id": "6fd1e4f7238113940cee624cb79ef67c49d7c4c1f9426d316cec1a32af9e415b",
"pubkey": "76b1297df1f89138a255570972ec9d043960603eba85a0c690dfe9031d79d934",
"created_at": 1704818851,
"kind": 1,
"tags": [
[
"t",
"Fiat"
],
[
"t",
"fiat"
],
[
"t",
"USD"
],
[
"t",
"usd"
],
[
"t",
"Bitcoin"
],
[
"t",
"bitcoin"
]
],
"content": "#Fiat currencies are fundamentally flawed. Among these, the #USD is considered as the best of the worst, primarily due to its status as the world's reserve currency and its relative stability compared to others. Yet, its global dominance is a double-edged sword. The centralization of the world's monetary system, coupled with the extensive use and influence of the USD, has had a negative impact on global society and economies. It has contributed to widening the wealth gap and has constrained the growth of underdeveloped economies by exporting its monetary inflation.\n\n#Bitcoin fixes this.",
"sig": "8a37d4ea3f283ef84dbefaea8059f7c748d38c9df231287de47a7daa2f4225687a5b29df7013a8b3292e61d1f523fe13e4dae822a5833721b03b755c4741e055"
}
