New here?
Create an account to submit posts, participate in discussions and chat with people.
Sign up
35
Non Fiat Coins (media.scored.co)
posted 1 year ago by BeNotAfraid on scored.co (+0 / -0 / +35Score on mirror )
6 comments
Permalink
Mirrored from scored.co
You are viewing a single comment's thread. View all
14
GoldenInnosStatue on scored.co
1 year ago 14 points (+0 / -0 / +14Score on mirror ) 1 child
>backed by gold

i sleep

>backed by goyslop

real shit
Permalink Reply
Mirrored from scored.co
2
Brannvesen on scored.co
1 year ago 2 points (+0 / -0 / +2Score on mirror )
"Backed by" is in itself flawed, here we must ask what's wrong with using gold in the first place. As gold itself has value for various reasons, while "gold backed (((fiat)))" means we gotta trust someone to always provide the 1:1 backing, which by design is a bad business model that'll cost more than it'll ever generate. Hence the birth of the (((fiat scam))) through the (((federal reserve))).
Permalink Reply
Mirrored from scored.co
Toast message