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mfostr
npub1maee...p9v4
Working on the http://futureinternet.io 🛜
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mfoster.io 1 year ago
The more I hear about government spending, all I think about is the .10 to .90 double spend ratio just going from one side of the ledger to another. Until the ledger changes it still isn’t sound money.
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mfoster.io 1 year ago
Money printing is illusionary. You cannot create what is not there. Verifiable mathematical principles built around the finite value of principles related to units of account and agreed principles, like the modulo of 12 to measure hours in a day with the measurement of energy and output, represent the best sound money known to man. When you apply this in a distributed ledger with both mechanical and electrical engineering and bare metal machines, you get the closest approximation to truth as we know it. This finite unit of account can be divisible to allow any marketplace to thrive, including the arts and entertainment industry.
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mfoster.io 1 year ago
Any $1.00 database entry into the Fractional Reserve system creates 1/.10=10-1=9X (900%) more debt. $1.00x9=$9.00 more debt $10.00x9=$90.00 more debt $100.00x9=$900.00 more debt $1,000.00x9=$9,000.00 more debt $10,000.00x9=$90,000.00 more debt
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mfoster.io 1 year ago
Bitcoin passes an audit every 10 minutes.