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The Fiat system needs debt to operate. The dollars don't have value because the bank create them from nothing without time nor energy but you give dollars value when you borrow them from the bank in promess to work or spend your valuable time and energy to pay them back. Bitcoin in the other hand is the value in itself because it already took time and energy for them to come out in circulation without a central party. Bitcoin is harnessing the power of time and energy combining them into a single pair of keys(public and private keys) till the end of time. If the owner of the bitcoin decides to hodl for a long enough time then they will not need to go enslave themselves under a bank debt loads but simply spend a fraction of the bitcoin they saved and let the rest appreciate overtime. The mentality to "borrow and die" is a fiat mentality because when you're in debt the lander owns you and the bank needs to own you to stay relevant just like a master needs slaves to stay a master.
Piecover
#Bitcoin #Fiat #dollar #energy #time #information #money #crypto
In fact the bank create those money with YOUR own signature on the lending contract. They practically lend you money that you created yourself and fool you to pay them back + interest.
The fiat system is pure evil and must be destroyed.
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21 sats \ 0 replies \ @flat24 2 Dec
Bitcoin is harnessing the power of time and energy combining them into a single pair of keys(public and private keys)
An enriching and precise reading... for this and more reasons it is the most revolutionary and important monetary invention that humanity has had until now.
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