Wow.
Thanks for all of the info. I will add this to the notes in my list of terms to update.
That's a lot for me to digest atm but I really appreciate you taking the time to parse all of that and describe it in such detail for me.
It's an important distinction because it's the foundation the enemy has built his house of cards on, and the reason bitcoin was limited in quantity. When banks found license to operate on fractional reserve, no holds were barred from money creation through their issuance of fiduciary media. One could argue this is the societal change that permitted abolition of slavery and debtors prison, but that's a discussion for another day.
reply