I saw a really awesome graphic the other day that I wanted to share with you, but I can't seem to place it now. It was all of these facts and figures about a token and the supply and the tokenomics of it and how horrible it was and then at the end it says no really, this is the US dollar. It was pretty interesting. Sorry I can't locate it now. I knew I should have screenshotted it.
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Don't buy into that stuff about the USD @bozz. A lot of it is total bullshit.
The USD has 60% of its physical dollars outside the US. This means that it is global in its distribution. Also, there is $200 trillion worth of debt out there, much of it written in dollars. That means all payment streams are in USD. There is a lot of 30 year bonds out there (If I was at the Fed, I would start issuing out 50 and 100 year bonds).
One thing that people overlook about an overly financialized economy, which the US has, is that it protects the currency.
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Okay, good to know. Thanks!
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That's what @bozz means... do you now see the longterm Revolution of defi?
These scam coins are getting crazy. One someone just shilled me:
jk that’s the US dollar
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