3 ms·
The value of fiat is subjective until the IRS knocks at your door and then suddenly it has the very objective value of keeping you out of prison. Taxes drive mo
by User23 4y ago
The value of fiat is subjective until the IRS knocks at your door and then suddenly it has the very objective value of keeping you out of prison. Taxes drive money.
- eru 4y agoThat's only a small portion. Perhaps a bootstrap at most. Most of the value comes from network effects.
- imtringued 4y agoAnd those network effects can be marketed in the form of a liquidity premium which is paid to the saboteurs of the money system in the form of an artificially high interest rate and now we have invented capitalism...
- eru 4y agoSaboteurs?