Stop! This is a danger to our Democracy! The information above will give doubt to our glorious oligarchic leader Bill Gates and how much of a saint he is.
The internet was more fun until the crybabies and control freaks ruined it.
This site is like a Reddit for the Silicon Valley community, you're not going to find much support. They will soon completely fail though, their ideology doesn't create value. Just keep watching.
The money is back up by US treasury bonds. When the government wants more cash, they issue new treasury bonds in order to print out more dollars. People buy US treasury bonds as a safe investment that they can cash in 10 years later at a certain % interest based on Federal Reserve interest rate.
If you keep printing out money faster than the economy grows, the money will depreciate. If the money depreciates too much, people lose a lot more money on treasury bonds. When people stop buying US treasury bonds, the government can't spend more/pay their bills.
I know this is a site where everyone likes to think they are way more informed than the world population but in terms of cryptocurrency, I find the posts here woefully poor in quality and information.
------
And I haven't even started on Cardano's Project Catalyst - their democratic method of funding new cryptocurrency projects/developers and adding projects on the Cardano Network. All decided and controlled by ADA holders and not necessarily IOHK/Cardano Foundation/Emurgo, the organizations who made Cardano.
------
If you have a problem with my statement, then actually challenge what I have to say instead of hiding behind a downvote. Cut the bullshit propaganda and have an actual conversation about it.
