…. Paper money in the west began as a warehouse or safe- deposit receipts for quantities of precious metals. Government’s issuing these receipts soon found that they print far more of them than they could actually redeem from their supply of bullion.
All these certificates representing these metals, looked alike, apart from their serial numbers, a fact that appealed to counterfeiters as well as politicians and bankers seeking to profit from inflating the supply of money.
The new digital money of the information age will return control over the medium of exchange to the owners of wealth, who wish to preserve it , rather than to nation states that wish to spirit it away.
The verifiability of the digital receipts rules out this classic expedient for expropriating wealth through inflation.
(This is why we Bitcoin)
HARRY 3 / Tezza
npub1qv…j7xxu
2023-10-03 03:37:03
Author Public Key
npub1qv5cyr7kwk35qw88tt5jjl7qpd6ntr98jxn5rplgu2d4v0uk8c4qlj7xxuPublished at
2023-10-03 03:37:03Event JSON
{
"id": "79bf79073638ec4d738ef8437fe3f1e72d8f1d1faf35e5c3c382e4edd30e3eaf",
"pubkey": "0329820fd675a34038e75ae9297fc00b75358ca791a74187e8e29b563f963e2a",
"created_at": 1696297023,
"kind": 1,
"tags": [],
"content": "…. Paper money in the west began as a warehouse or safe- deposit receipts for quantities of precious metals. Government’s issuing these receipts soon found that they print far more of them than they could actually redeem from their supply of bullion.\nAll these certificates representing these metals, looked alike, apart from their serial numbers, a fact that appealed to counterfeiters as well as politicians and bankers seeking to profit from inflating the supply of money.\nThe new digital money of the information age will return control over the medium of exchange to the owners of wealth, who wish to preserve it , rather than to nation states that wish to spirit it away.\nThe verifiability of the digital receipts rules out this classic expedient for expropriating wealth through inflation.\n(This is why we Bitcoin)",
"sig": "3befcd7bd74d3b65cd3f6c5735d3103efaf1d5b9aa3b58a5f206207b11119ef52fff0bcafc8d754c3edd74984724d859f78211db2b0279ca92b5348ec98d29e8"
}