Mageshwar Medak on Nostr: Ok, so, Just ending the Fed will not work. China and all other countries will also ...
Ok, so, Just ending the Fed will not work. China and all other countries will also have to stop printing their own money. But will they?ð. Who will voluntarily give up that power to print money out of thin air,..without any cost and without any work.ð That's why competing market money like Bitcoin is required. Let them compete, state money vs market money,ðâðð.
Published at
2024-12-30 14:52:14Event JSON
{
"id": "21210a19d8a0557f7e91a5a062d4f8a3bf135790b17a16db9b4ff5c9a7e83859",
"pubkey": "15d8d4a54984ec5c97a066915ba43f6a2f2294b1728cd9277824533f0a343e6d",
"created_at": 1735570334,
"kind": 1,
"tags": [],
"content": "Ok, so, Just ending the Fed will not work. China and all other countries will also have to stop printing their own money. But will they?ð. Who will voluntarily give up that power to print money out of thin air,..without any cost and without any work.ð That's why competing market money like Bitcoin is required. Let them compete, state money vs market money,ðâðð.",
"sig": "d7fec55f46ed95f3533af7f140957fd92953f4475946d60b0602cc609dacf9a8bb56963918ebbf3f609f0debd6b175de59ff3ca9af1c80f4843f6ffa64c165e1"
}