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And it was over Twitter of all things. This is the history of 19th century banking repeating itself as a giant farce

Of course letting everyone print their own money is a farce and doesn't actually generate any value for society.

In that sense Binance is guilty here with their BNB token, having also set the example for FTX' FTT token.

To be fair to Binance, they have thus far honoured their wildcat dollars.

Wildcat banks always honor their receipts.

Until they suddenly don't