4 ms·
Those have very little to do with monetary policy (https://en.wikipedia.org/wiki/Monetary_policy https://en.wikipedia.org/wiki/Monetary_policy) Plus, in the mo
by beefield 6y ago
Those have very little to do with monetary policy (https://en.wikipedia.org/wiki/Monetary_policy https://en.wikipedia.org/wiki/Monetary_policy)
Plus, in the modern credit-money world, an IOU from a bank worth 1 BTC, IOU worth one ounce of gold and IOU worth $1[1] have precisely same technological properties and limitations.
[1] A.K.A "Money in your bank account"