Post
Topic
Board Economics
Re: The general flaw of fiat money and how its associated with Bitcoins
by
flaxindo
on 22/06/2011, 03:48:51 UTC
The general problem of Fiat Money that causes most the economic problems is the hoarding of money...

Since Fiat money is inflationary (on purpose, to give criminals the ability to fund things they couldn't through direct taxation), hoarding fiat money means you have less today than you did yesterday.

Fiat currency = rotting meat

There is no incentive to "save" rotting meat...