This financially illiterate meme needs to die. It's like MLM scammers saying 'well all companies are structured like a pyramid' There's a massive difference be

This financially illiterate meme needs to die. It's like MLM scammers saying 'well all companies are structured like a pyramid' There's a massive difference between "we issue a token which has purchasing power because people are legally required to obtain it to pay their debts and taxes. Its purchasing power is allowed to slowly diminish over time, but it will continue to be demanded because people need it to meet obligations" and "we issue a token and lie that it's worth a dollar because it's backed by an equivalent quantity of dollars. Its purchasing power will collapse at the time we stop redeeming them for dollars, whether that's because we run out, get arrested or move on to the next grift with lots of un-redeemed dollars in our pockets"