YumiBod on Nostr: It's due to a flaw in the concept of fungible money. I'm not suggesting we all trade ...

It's due to a flaw in the concept of fungible money. I'm not suggesting we all trade NFTs, but "printing money out of thin air" only works for the bankers because there's no practical distinction between money backed by real value (i.e. labor, goods, services, energy, etc) and money backed by nothing. In other words, central bankers are printing & minting perfect counterfeit money. #Bitcoin fixes this by making it virtually impossible to create money by fiat and by making all #Bitcoin traceable back to its origin. We may not know who mined the $BTC, who owned it, or what it was for, but at least we know it wasn't created from nothing. It's the product of both time and energy.