The money in your bankaccount is not yours, it’s not there and it’s not even money at all
Green_Candler on
This should be the first lesson in every financial literacy class. You can’t understand Bitcoin’s value without understanding the monetary system it’s here to replace.
Respectful_Word7036 on
That’s not true the federal reserve is federal it’s overseen by congress and is only independent because congress says it should be.
And they do have reserves. Banks hold balance sheets with them and they hold trillions in US treasuries and mortgage bonds
6 Comments
The money in your bankaccount is not yours, it’s not there and it’s not even money at all
This should be the first lesson in every financial literacy class. You can’t understand Bitcoin’s value without understanding the monetary system it’s here to replace.
That’s not true the federal reserve is federal it’s overseen by congress and is only independent because congress says it should be.
And they do have reserves. Banks hold balance sheets with them and they hold trillions in US treasuries and mortgage bonds
Stop fucking posting AI art slop. Thanks!
Hai all…
Bitcoin is simple.
Fiat is complicated.