888 sats \ 2 replies \ @CarlBMenger OP 2 Sep 2022 \ parent \ on: Bitcoin is fucking amazing! bitcoin
Have you heard about collateral? Use a small stack as collateral and you are fine. No one was spending Gold on a Gold-standard.
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1 sat \ 1 reply \ @mikhael 2 Sep 2022
That makes some sense, it could be a form of collateral for paper money. Or Lightning transactions.
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888 sats \ 0 replies \ @CarlBMenger OP 2 Sep 2022
Exactly, to re-establish trust in paper-money IMO. A Bitcoin Standard, where everyone can verify if governments abuse their power.
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