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   mk (mk@mastodon.satoshishop.de)'s status on Wednesday, 07-Aug-2024 12:46:50 JST mk

   in reply to

   @Terry

   what's the problem that caused most of these things?

   spoiler: fiatmoney

   Since 1971, the world has been dependent on fiat-money like a whore on cocaine.
   https://mastodon.satoshishop.de/@mk/110070357003195891

   In the fiat-credit-money-system, new money is created by banks granting loans.
   https://mastodon.satoshishop.de/@mk/110979837928836433

   The oldest fiat-money currently is the “pound sterling” and it has lost 99.75% of its value compared to gold over the last 100 years.
   https://mastodon.satoshishop.de/@mk/112898481092097839

   sooner or later fiat-money always goes to zero.