HARRY 3 on Nostr: Caitlin Long 19/5/2018 We had a tether on the amount of debt that could be created in ...
Caitlin Long 19/5/2018
We had a tether on the amount of debt that could be created in the financial system.
It was called the gold standard and before 1968 the economic debt versus savings always evened out.
Since 1968 debt versus savings careered out of control for 50 years.
What is the solution?
Blockchain - history’s first honest ledger- based on the immutable laws of math, not of men.
Blockchain allows multiple parties to see the same data, at the same time and trust that it’s valid.
Bitcoin was the first Blockchain created by Satoshi in 2008.
No other money like it. Bitcoin and cryptography in general are defensive technologies that make the cost of defending property and information for lower than the cost of attacking them.
We had a tether on the amount of debt that could be created in the financial system.
It was called the gold standard and before 1968 the economic debt versus savings always evened out.
Since 1968 debt versus savings careered out of control for 50 years.
What is the solution?
Blockchain - history’s first honest ledger- based on the immutable laws of math, not of men.
Blockchain allows multiple parties to see the same data, at the same time and trust that it’s valid.
Bitcoin was the first Blockchain created by Satoshi in 2008.
No other money like it. Bitcoin and cryptography in general are defensive technologies that make the cost of defending property and information for lower than the cost of attacking them.