Just yesterday I was watching Elon talk about "magic money machines" that just send payments to various accounts. The interesting thing, is where the money comes from: it doesn't come out of any account, government or private; the money comes from nowhere and just magically appears. Elon found the digital version of printing fiat paper money.
chan q post caught me eye
Just yesterday I was watching Elon talk about "magic money machines" that just send payments to various accounts. The interesting thing, is where the money comes from: it doesn't come out of any account, government or private; the money comes from nowhere and just magically appears. Elon found the digital version of printing fiat paper money.
When the public/world finds out there is a thousand times more dollars in circulation....look out
Hyper inflation overnight. Or deflation? How does trillions of unaccounted for magic digital money impact macroeconomics? My brain doesn't do that
End of fiat
This.