Joey on Nostr: What are the "benefits" of FIAT money? ▶️ Makes the controlling of financial ...
What are the "benefits" of FIAT money?
▶️ Makes the controlling of financial markets possible.
▶️ Makes it possible to fund government without increasing taxes.
▶️ Makes it possible to incentivize spending.
▶️ Makes it possible to lock/freeze peoples money.
Each topic has its own rabbit hole. All the things relate...
In my opinion one of the most disturbing part is, that banks can lock your money, so you are not able to spend it.
I would ask here, what is property then? Because I am not sure, if I money on a bank account would be the property of the account holder if he can't use whenever he wants to.
#bitcoin #Bitcoin #grownostr #nostr
▶️ Makes the controlling of financial markets possible.
▶️ Makes it possible to fund government without increasing taxes.
▶️ Makes it possible to incentivize spending.
▶️ Makes it possible to lock/freeze peoples money.
Each topic has its own rabbit hole. All the things relate...
In my opinion one of the most disturbing part is, that banks can lock your money, so you are not able to spend it.
I would ask here, what is property then? Because I am not sure, if I money on a bank account would be the property of the account holder if he can't use whenever he wants to.
#bitcoin #Bitcoin #grownostr #nostr