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And you shilling a bullshit crap IOU here #707088 is not trolling, right...
We refuted those nonsense accusations right there.
And as you copied / pasted Giacomo's framework (without giving him due credit) you may want to ask him first before applying it to something which he did not intend it for. Contrary to you, he groks it.
without giving him due credit
LOL I literally posted his tweet as source #707118
Hm, did not see the source, so retract that half but not the half about your abuse of it.
Giacomo groks it and you don't: https://youtu.be/1hX9Z6ClH5s?si=rtcFkpzu4ZZUNtpX
I have a simple question for you: You want to use Bitcoin as money or some kind of IOUs backed by some BTC reserves?
Have you even read the article? They have different functions, as described.
Just tell me what you will use.
The problem starts with your wording 'some kind of IOUs'. Imprecision is lethal in monetary economics.
On a positive note, your question shows that you are subconsciously aware that there are different kinds of IOU. Consider the specific kind of IOU for which you want to ask and you will get an answer.
Also, once you grok the difference you may not even even have to ask.
You are too troll.
And not really interested in economics.