This is fun but it would be more fun if you addressed my points 😉
Most of what you say is superficially true or reasonable, but it's just reciting the internal mechanics of lending in clinical lan...
A bond is just, I save, and let someone else use my savings for a certain amount of time and for the ability to use my savings now they pay for that service which you can call interest. All on chain. I don’t know how I’m using future UTXO’s. I’m using a UTXO given to me in the promise that I give it back a long with another smaller UTXO that I earned thanks to being able to use the capital right now.
Just because fiat works by creating new money every time a loan is made, does not mean that all loans create new money.
Just because fiat works by creating new money every time a loan is made, does not mean that all loans create new money.