jerrybature_ on Nostr: GN "The national currencies are affected by forces which are beyond your knowledge or ...
GN
"The national currencies are affected by forces which are beyond your knowledge or control. They are managed by committees serving the governments issuing them. The people on these committees speak in a jargon that is not only incomprehensible to most people, but unbearably dull even to those who do understand it. Everyone is affected by them, but most people will not bother to learn to understand them. They manage the currency in the national interest, which is not always the same thing as your interest. They can change the rules about how the currency can be spent you can use them or increase the government’s supply. [5] It is usually not possible to predict what they will do, at least over long time spans."
https://nakamotoinstitute.org/mempool/its-not-about-the-technology-its-about-the-money/
"The national currencies are affected by forces which are beyond your knowledge or control. They are managed by committees serving the governments issuing them. The people on these committees speak in a jargon that is not only incomprehensible to most people, but unbearably dull even to those who do understand it. Everyone is affected by them, but most people will not bother to learn to understand them. They manage the currency in the national interest, which is not always the same thing as your interest. They can change the rules about how the currency can be spent you can use them or increase the government’s supply. [5] It is usually not possible to predict what they will do, at least over long time spans."
https://nakamotoinstitute.org/mempool/its-not-about-the-technology-its-about-the-money/