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submitted 3 months ago by corvus@lemmy.ml to c/opensource@lemmy.ml

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An enlightening and high quality video on how money and the banking system work, why they are corrupted and what is the solution.

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[-] Catsrules@lemmy.ml 2 points 3 months ago

money has to be backed by the state

I think the point if Bitcoin was to challenge this statement.

[-] FuckyWucky@hexbear.net 3 points 3 months ago* (last edited 3 months ago)

Yea and why cryptocurrency isn't money with its exchange rate being determined by how much fiat currencies are entering and exiting.

this post was submitted on 25 Jun 2024

-20 points (38.1% liked)

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