Fiat may seem stable to you now, as does any snowpack until the avalanche happens, the numbers don't lie:
http://www.usdebtclock.org/
The cold hard truth is that ALL fiat money experiments have ALL failed throughout history.
http://www.usdebtclock.org/
The cold hard truth is that ALL fiat money experiments have ALL failed throughout history.
No they haven't. All non-fiat experiments have "failed" as they are not applied anymore.
Almost no fiat-experiments have failed unless those economies also failed. In fact I'll go out on a limp and say that fiat currency (which frankly includes bitcoins, even if its "deflationary" or "non-inflationary" is dominating the currency use by 99.8%).
I notice you put failed in quotes, rightly so because no non fiat systems have failed, they have been replaced by fiat systems which will all inevitably fail.
You clearly do not know what "fiat" means, either that or you're trolling (maybe that is why you wrote limp?)
Check out wiki, first line is:
Quote
Fiat money is money that derives its value from government regulation or law
Bitcoin derives its value from its own merits as perceived by people, nothing more, the value is NOT dictated by a governing body, it is truly in a free market, as chaotic as that may be during these early days.