Fiat currency is backed by debt, securities are backed by promises of future earnings; Bitcoin is backed by immutable, permissionless mathematical code.
@JacobKinge I agree that Tether is a risk but it isn’t minted out of thin air, it’s created on the back of client demand and the corresponding cash or cash equivalents are bought. How do you think they make money?
1/ One week later, we're still feeling that @SolanaConference glow 🙌
No mopey $ETH bag holders, no boring panels, no scary lighting...new consumer use cases & tech.
Better lighting. Way better vibes.
Our recap and ideas coming out: https://t.co/LPcbhmNmwi
Highlights 👇
This is so cool that they actually have pictures still from the event like this!
The @CoinSharesCo Lambo is the 1st POAP (Proof Of Attendance Protocol) that the 🌍ever saw as far as we can tell at this point.
Historic.
Fiat currency is backed by debt, securities are backed by promises of future earnings; Bitcoin is backed by immutable, permissionless mathematical code. #bitcoin#Fiat