Yeah, I don't consider what is essentially a guaranteed default to be an asset lol

I'm also not convinced that Fiat and debt are actually all that different, but that's a minor point I guess. 

 Look how close debt is to real estate. Most people have mortgages, even landlords and builders.

Add a bit of fiat to the mix, voila double entry book keeping, except we forgot to put the liabilities on the opposite column 😂 

 It also gets dicey when you try to value some of these things in terms of fiat once you accept that fiat debt is vapor. It just doesn't make sense in my Bitcoin mind anymore. Maybe I'm wrong, but every market is ultimately made of individuals like me making decisions based on what makes sense for themselves. 

 😂 

 Remember the numbers they just made up in 1984 to have something heartening to report on? Here we are 

 1984? 😱 

https://en.wikipedia.org/wiki/Nineteen_Eighty-Four 

 Q: When did debt become a positive number?

A: A long time ago, with the advent of double entry bookkeeping.  One party’s debt is another’s asset.  The fact that this number is so high demonstrates how important credit is to the financial system.  For a deeper explanation, read Graeber’s “Debt, the first 5,000 years.” 

 Thank you 🙏 

Or I could reference myself 😂 

nostr:note1dnxazg2a6lswslnase02sfljx9mx7v4qpwhcp0hcmmypa6rv3dds5a5crd 

 Haha. Yes. 

 Orwellian as fuck

war is peace, freedom is slavery.... 

 HAHahaha I was just thinking that. Like bitch global debt is a liability. It’s negative AF 

 We’re so early people think it’s positive 🤣