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Continuing with Part 2 of the journey through the "Bitcoin Threat Model" to be followed by the "Human Threat Model," both by @jwweatherman. An...
"Money, in the ideal (which we’ll likely always only ever strive for, and not achieve), turns a portion of ‘our work, here and now’,...
"Base money is a liability of the central bank, and it’s used as a reserve asset by commercial banks. Broad money is the liability...
