pailakapo on Nostr: Cash is dirty fiat, and just an IOU, so *you* trading it for actual money is good for ...
Cash is dirty fiat, and just an IOU, so *you* trading it for actual money is good for *you*.
Extrapolated out to the extreme, if *everyone* does this, then the FED ends up with the dirty fiat, and the *people* end up with the actual money.
if the FED is left holding the bag of USD IOUs, then the universe wins.
Published at
2024-07-17 02:40:03Event JSON
{
"id": "4ead75079240f4103ec191ea0a553138dbaaa7085172e2eb2189db64010ff13b",
"pubkey": "f61c8e88842f6f87a78ac43e0f9dd4c40c8f7843eed6518b3f7948c33072b2b2",
"created_at": 1721184003,
"kind": 1,
"tags": [
[
"p",
"06830f6cb5925bd82cca59bda848f0056666dff046c5382963a997a234da40c5",
"wss://relay.primal.net/",
"himself"
],
[
"e",
"700e34712ea1cc4ade1bbc711c08f77ab7bb53869a896e167d645ff481edb891",
"wss://relay.primal.net/",
"root",
"06830f6cb5925bd82cca59bda848f0056666dff046c5382963a997a234da40c5"
]
],
"content": "Cash is dirty fiat, and just an IOU, so *you* trading it for actual money is good for *you*.\n\nExtrapolated out to the extreme, if *everyone* does this, then the FED ends up with the dirty fiat, and the *people* end up with the actual money.\n\nif the FED is left holding the bag of USD IOUs, then the universe wins.",
"sig": "6a0fccb901553e95364848ed3c84488d134d859182293b02f24e30f6051b3fbd83050e4d93df7b5edfc5b284df31309cd54505d2858cc3960cb9add725f4e449"
}