Civilized Personal Discussion: A currency has the power to cancel debt?

"Vires in Numeris" - Mondo Fuego™ December 3, 2025, 9:01 pm

Well, until 1971 our national currency was backed by gold. - Arwen December 4, 2025, 10:34 am
- "Now the US dollar is backed by the trust of those that use it….just like bitcoin. " WRONG!! - DFM December 4, 2025, 1:54 pm
  - A currency has the power to cancel debt? - Arwen December 4, 2025, 2:18 pm
- The difference is the US Dollar (aka 'fiat money') is universally trusted and accepted. - Mondo Fuego™ December 4, 2025, 11:46 am
  - It is not about force. It is all about freedom. - Arwen December 4, 2025, 8:25 pm
  - Is it? - Arwen December 4, 2025, 12:18 pm
    - I convert US currency to other investments solely because they earn additional dollars. - Mondo Fuego™ December 4, 2025, 5:54 pm
      - Isn’t freedom great? - Arwen December 4, 2025, 8:27 pm
        
        Yes, it is, but it is ultimated bounded by law and agreement. - Mondo Fuego™ December 5, 2025, 9:35 am
        
        "ultimately" - Mondo Fuego™ December 5, 2025, 9:41 am
Spot on! - Otis Campbell December 4, 2025, 9:44 am
Bitcoin is CERTAINLY the biggest fraud ever perpetrated on the greedy public. - DFM December 4, 2025, 7:39 am