hubertusVIE on Nostr: Bitcoin can fix this. ...

Bitcoin can fix this.

quoting
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Small businesses face 41-57% rejection rates for basic trade finance while the same banks hold $192 trillion in derivatives positions. Basel III treats a letter of credit backing real goods as riskier than abstract financial instruments that produce nothing. The system works exactly as designed: extracting value from those who create it, denying credit to those who need it most.
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