0 sats \ 0 replies \ @Solomonsatoshi 3 Nov \ parent \ on: There’s No Market Process Independent of Competition econ
Fiat money is a state sponsored monopoly largely operated by a cartel of private banks.
It controls the MoE used by all businesses and consumers within its geographic catchment area.
It grants substantial capital issuance and allocation privileges to bankers and governments.
Bitcoin fixes this.