Jean Kilroy⭐
@Jeanie
12 November, 10:05
They all fell for it. Except Elon. 8:58AM EST
VK on Truth
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VK on Truth
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Carole Davis-Z
@Tallyho
12 November, 10:42
In response Jean Kilroy⭐ to her Publication
You know, I'm not a financial wizard - but I always thought of all crypto like this
Fuat - paper with no value, no gold to back it, but at least there is proof of ownership of payment due, for work or goods rendered
crypto - a thing that has no physical presence - WORSE than FIAT! Controlled by 0s and 1s, that SOMEONE ELSE programs... and can disappear with the click of a button.
Fuat - paper with no value, no gold to back it, but at least there is proof of ownership of payment due, for work or goods rendered
crypto - a thing that has no physical presence - WORSE than FIAT! Controlled by 0s and 1s, that SOMEONE ELSE programs... and can disappear with the click of a button.
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Anna Earthling
@Earthling2
12 November, 10:57
In response Carole Davis-Z to her Publication
If you had friends in high inflation countries you might not believe in "physical currency" either. But I know what you mean.
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Yes, I understand - paper money, not even worth the paper it is printed on.
Usually, that situation does not last forever, a new gov or admin steps in and revalues the currency, so the paper will have some value, if not what it was originally.
Not sure that can happen with crypto... but then, I'm not a fiscal expert at all... I just believe in paying off my debts as fast as possible - which is why I only have a mortgage now - that will be paid off in 3.5 years...
Usually, that situation does not last forever, a new gov or admin steps in and revalues the currency, so the paper will have some value, if not what it was originally.
Not sure that can happen with crypto... but then, I'm not a fiscal expert at all... I just believe in paying off my debts as fast as possible - which is why I only have a mortgage now - that will be paid off in 3.5 years...
11:02 AM - Nov 12, 2022
In response Anna Earthling to her Publication
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