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2024-03-01 07:48:09 UTC

nicorama on Nostr: Fiat is IOUs backed by the promise of future IOUs paid in those same IOU units. After ...

Fiat is IOUs backed by the promise of future IOUs paid in those same IOU units. After 10+ year trying to ‘understand’ it that is the best way I can describe it and it still doesn’t make sense 🤣