Bitcoin: Not New Money Tech, But New Absurdity Tech Taken to the Extreme

It’s funny that you pretend our debt-based system has tangible limits when reserve ratios were dropped to zero during the COVID era. Let’s also discuss base money versus broad money. What limits are there on base money? None! The Fed simply creates them on demand and uses them to buy debt obligations off the hands of banks. Even when there is a reserve ratio it doesn’t matter because we’ve created an institution that can create a bigger NUMBER at will. I’d rather trust an immutable ledger with a fixed monetary policy than the infinite fiat system. The immutability which is protected by the largest computer network in the world. Can’t be changed by anyone no matter how powerful or corrupt they are. Also you don’t have a clue how a 51% attack works. The network would fork and economic actors would determine which to stick with. There is no overpowering the network, even with “Chinese AI”