ToeNailClippings@lemmy.world to Lemmy Shitpost@lemmy.world · 10 months agoGonna be a great day!lemmy.worldimagemessage-square161fedilinkarrow-up1648arrow-down152
arrow-up1596arrow-down1imageGonna be a great day!lemmy.worldToeNailClippings@lemmy.world to Lemmy Shitpost@lemmy.world · 10 months agomessage-square161fedilink
minus-squareILikeBoobies@lemmy.calinkfedilinkarrow-up32arrow-down1·edit-210 months agoReal money is backed by a country’s respective economy - its an IOU from the government Bitcoin is an IOU backed by nothing That’s pretty rudimentary but it explains it
minus-squareweirdwallace75@lemmy.worldlinkfedilinkEnglisharrow-up8arrow-down1·10 months ago Real money is backed by a country’s respective economy True. its an IOU from the government False. An IOU from the government is a bond.
minus-squareILikeBoobies@lemmy.calinkfedilinkarrow-up2arrow-down1·10 months agoI understand that’s a bond The dollar is representative of the work you contributed to the economy
minus-squareweirdwallace75@lemmy.worldlinkfedilinkEnglisharrow-up1·10 months ago The dollar is representative of the work you contributed to the economy If that’s true, nobody on Social Security Disability would be getting money.
minus-squareDAMunzy@lemmy.dbzer0.comlinkfedilinkarrow-up3·10 months agoZimbabwe fucking enters the chat
minus-squareDimpships@feddit.uklinkfedilinkarrow-up2arrow-down3·edit-210 months agoAnd NFT’s are the receipts.
Real money is backed by a country’s respective economy - its an IOU from the government
Bitcoin is an IOU backed by nothing
That’s pretty rudimentary but it explains it
True.
False.
An IOU from the government is a bond.
I understand that’s a bond
The dollar is representative of the work you contributed to the economy
If that’s true, nobody on Social Security Disability would be getting money.
Zimbabwe fucking enters the chat
And NFT’s are the receipts.