💵💵💵💻💻 Fractional reserve banking versus Full reserve banking
Fractional reserve banking = you don’t need to spend any energy to create value
Full reserve banking = you need to spend a lot of energy to create value.
Fractional reserve banking ==> you can create value without spending energy and you can steal all the time people put into creating real stuff.
Full reserve banking ==> you need to spend a lot of energy and you cannot steal people’s time they put in creating real stuff.
It is about stealing your time. It is not about fiat currency.
The fiat currency is just a sleight of hands and sleight of words to disguise what is really happening.
If I can create fiat currency out if thin air and it took you 365 days to build your house, I can steal your 365 days of work. I can steal your TIME.
Time is all you got. Time is the ultimate value.
Storyteller / storyteller
npub18h…lpn5n
2024-09-02 08:22:16
Author Public Key
npub18hj7qczx4ny04z6gt2n86lpj806lku5c976xqjunu2p4qd2rhsds2lpn5nPublished at
2024-09-02 08:22:16Event JSON
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"content": "💵💵💵💻💻 Fractional reserve banking versus Full reserve banking\n\nFractional reserve banking = you don’t need to spend any energy to create value\n\nFull reserve banking = you need to spend a lot of energy to create value.\n\nFractional reserve banking ==\u003e you can create value without spending energy and you can steal all the time people put into creating real stuff.\n\nFull reserve banking ==\u003e you need to spend a lot of energy and you cannot steal people’s time they put in creating real stuff.\n\nIt is about stealing your time. It is not about fiat currency.\n\nThe fiat currency is just a sleight of hands and sleight of words to disguise what is really happening.\n\n\nIf I can create fiat currency out if thin air and it took you 365 days to build your house, I can steal your 365 days of work. I can steal your TIME.\n\nTime is all you got. Time is the ultimate value.",
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