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RE: How Euros (€) are born - and what that could mean for Blockchain Money / Centrality - The Decentralized Ethereum based DApps Platform
All Fiat currency is debt. All Fiat is borrowed into existence. When it's payed back it gets destroyed. Hence there is no such thing as money(real). Since it gets destroyed after being borrowed into existence. So perpetual debt has to be for money to exist at all.
"Money, it must have intrinsic value – independent of any other object and contained in the money itself"
Aristotle