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A comment on Celsius Execs Cashed Out $40M in Crypto Before Halting Withdrawals for Customers. Parent comment

Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by cronix on Thursday October 06, 2022 @02:10PM (#33111793)
> The reason fiat money works

It also worked before the US went to a fiat currency in 1971 when Nixon took us off the gold standard. It also allowed for massive deficits because before they couldn't spend what they didn't physically have and now they can just print it without gold backing it.

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Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by Bloedcoin on Thursday October 06, 2022 @02:12PM (#33111829)
Which was necessary for the economic revolution.

Balancing the money amount to the workforce.

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