Post
Topic
Board Economics
Re: Do you Still believe in Fiat?
by
zoose
on 17/12/2016, 08:11:47 UTC

u would hate Fiat to the  core!



I think it is not all about I hate fiat or not. I don't like fiat, honestly speaking, but I still cannot stop using fiat.

We don't have a better choice which is also widely accepted by most people.

I wouldn't say that I hate Fiat but it is really nothing. It is just an agreement between people that it holds value. The way nation states Governments are leveraged is disgusting. The US is in the hole for over 19 Trillion dollars. That doesn't include state & local gov't debt which adds 3 TRILLION. So 22 Trillion but by the end of 2017 it is said that the debt will be a staggering 23 Trillon dollars.

Yeah, Bitcoin looks pretty fucking good to me right now.