But, Wait, There's More: Short-seller who called FTX and SVB, says the digital currency ponzi scheme is still unraveling. - Kotaku In Action 2 - The Official Gamergate Forum

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But, Wait, There's More: Short-seller who called FTX and SVB, says the digital currency ponzi scheme is still unraveling. (archive.ph)

posted 1 year ago by GeneralBoobs 1 year ago by GeneralBoobs +13 / -1

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▲ 9 ▼

– captain-shitpost 9 points 1 year ago +9 / -0

now do fiat.

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▲ 9 ▼

– Kaarous 9 points 1 year ago +9 / -0

Equally as worthless.

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▲ 6 ▼

– captain-shitpost 6 points 1 year ago +7 / -1

not equally. fiat is worth even less, because fiat can be inflated infinitely. BTC can't.

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▲ 7 ▼

– almond_activator 7 points 1 year ago +7 / -0

Fiat's value comes from the fact that the tax man demands to be paid in fiat. You will always need some lying around as long as you're paying him off.

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▲ 1 ▼

– Kaarous 1 point 1 year ago +1 / -0

Fiat currency can at least be used as toilet paper.

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▲ 4 ▼

– captain-shitpost 4 points 1 year ago +4 / -0

ask venezuela or zimbabwe... a single bill is worth less than a single sheet of toilet paper, and way scratchier on your booty hole.

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▲ 2 ▼

– TomSeeSaw 2 points 1 year ago +2 / -0

Ah you mean military bonds.

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▲ 2 ▼

– Ilovemarisa 2 points 1 year ago +2 / -0

Fiat has value because its backed by military. If a country refuses to accept USD they'll framed for 9/11 v2 and subsequently invaded.

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