jondwhite wrote:your IOU fag
December 2025 › Forums › General discussion › 100% reserve banking › jondwhite wrote:your IOU fag
October 31, 2016 at 9:06 am
#86940
Moderator
jondwhite wrote:
your IOU fag packet isn't limited supply though and doesn't have $1bn market cap. Not saying I agree with them but this would be their response.
Well, it is, since ultimately it's linked to my phsyical cash reserves which I may be called upon to use to redeem my IOUs: my IOU only holds value so long as my credit is good.
