Re:No Bitcoin ETFs at Vanguard
by bluecalm on Sunday January 26, 2025 @02:25PM
(#42833108)
>> I'm talking about cash here. Cash is literally an article of faith and nothing else. It's not backed by any asset.
It's backed by contracts to pay it back. There are powerful institutions employing people with guns and other means to make you pay back.
"Faith" undersells the situation. We developed the whole system to force people to pay their loans back.
It's backed by contracts to pay it back. There are powerful institutions employing people with guns and other means to make you pay back. "Faith" undersells the situation. We developed the whole system to force people to pay their loans back.