Anonymous ID: ee81e5 June 10, 2019, 8:49 p.m. No.6723447   🗄️.is 🔗kun   >>3957

>>6702265

>float will be abolished

 

Apologies for the tard question here but can someone point me to what a float is in this context, what it means, and why it would be abolished?

 

Follow up questions:

 

What role, if any, will fractional banking have with new notes? Concept strikes a tard-anon like myself as anathma to being based BUT I’m also trying to reconcile with control of the money supply.

 

>Fiat grants power to grow/contract money supply

>Power to grow/contract money supply effects economy

>Been used for good and evil, mostly evil

>but NEW NOTES ARE BASED NOT fiat

>Power to grow/contract money supply no longer possible or at least no longer possible in the traditional sense of control of a based currency is distributed (?)

 

>no free rides

 

Damn. Guess that means we’ll no longer earn frequent-flyer miles (talk about fiat!) on purchases after the new notes debut?