Symbol Space on Nostr: The fundamental problem of traditional currency lies in all the trust it needs to ...
The fundamental problem of traditional currency lies in all the trust it needs to operate. It must be trusted that the central bank will not devalue the currency, but the history of fiat money is full of violations of this trust. We must trust the banks to hold our funds and transfer them electronically, but they lend them in the wave of credit bubbles, with almost no reserves.“ - Satoshi Nakamoto
Published at
2023-04-27 04:41:09Event JSON
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"content": "The fundamental problem of traditional currency lies in all the trust it needs to operate. It must be trusted that the central bank will not devalue the currency, but the history of fiat money is full of violations of this trust. We must trust the banks to hold our funds and transfer them electronically, but they lend them in the wave of credit bubbles, with almost no reserves.“ - Satoshi Nakamoto ",
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