reply on: Stablecoins ‘Perform Poorly’ as Money, Central Banks Warn (FT, Martin Arnold) \ stacker news ~econ

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three main tests of any money

I have never seen such an explicit affirmation that the purpose of fiat is control and debt.

dude who's in control is _he who decided on the exception https://bitcoinmagazine.com/print/the-political

I meant from one of them. Obviously our side has made many similar statements about fiat.

oh. Ok, I see... How do you mean?

I just meant that this objection amounts to 1) we can’t control it, 2) we can’t control you, and 3) we can’t get people in debt with this.

None of those are actually about monetary function.

TRUE.

DAT.