jondwhite wrote:your IOU fag

December 2025 Forums General discussion 100% reserve banking jondwhite wrote:your IOU fag

#86940
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.