Fiat currency relies on trust in the issuer. And that trust has been abused. "Fiat" has entered the lexicon. People buying gold bars at Costco. Government credibility at all time lows. Trading your finite time and energy for something the government devalues with a mouse click is unwise. - Kotaku In Action 2

Fiat currency relies on trust in the issuer. And that trust has been abused. "Fiat" has entered the lexicon. People buying gold bars at Costco. Government credibility at all time lows. Trading your finite time and energy for something the government devalues with a mouse click is unwise. (media.kotakuinaction2.win)

posted 1 year ago by BidenIsAGroomer 1 year ago by BidenIsAGroomer +49 / -1

21 comments download

21 comments share download save hide report block hide replies

You're viewing a single comment thread. View all comments, or full comment thread.

Comments (21)

sorted by:

▲ 7 ▼

– deleted 7 points 1 year ago +7 / -0

▲ 7 ▼

– SR388-SAX 7 points 1 year ago +7 / -0

I don't think there are a lot of fiat defenders here; it's more that crypto is a new fad so there's more discussion of it.

permalink parent save report block reply

▲ 2 ▼

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

Also concerns about a store of money subject to technical interception.

If someone starts knocking over - or blocking - big crypto exchanges (either to preserve USD or force people onto the new ~~food stamps~~ CBDC), your fat crypto wallet isn't anything like as useful as the lockbox of gold you've got in the basement...

permalink parent save report block reply