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irishcoffeetoday at 2:32 AM2 repliesview on HN

It’s not. It’s really not. I’m sure you’re familiar with people borrowing against their wealth to avoid taxes. That’s where this fictional money exists.


Replies

dekken_today at 8:28 AM

All fiat is fiction. I was a bit glib in my other comment, but fundamentally there is only energy interactions, and there is no free energy.

UltraSanetoday at 2:37 AM

It isn't anymore fictional than stock dividends just allocated differently.

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