Post
Topic
Board Economics
Re: Please, we should not totally eliminate fiat currency
by
The Pharmacist
on 31/08/2018, 02:12:07 UTC
Don't be so quick to judge what "most of us want" by what's posted on bitcointalk.  That's like trying to determine everyone's thoughts on radical feminism by looking at Twitter posts.  It's very biased.

I, for one, don't want to see the end of fiat.  If that ever comes about, we're screwed, even if it's bitcoin that takes over.  That would mean that governments have failed, and most likely the world economy will have as well.  I want to see fiat continue and not get into some sort of hyperinflation situation where it's worthless.  There's nothing as anonymous as paying with paper money, not even bitcoin.  And I highly doubt there are many intelligent people here who really want fiat to fail.  You may as well be wishing you'll starve to death.

Even without computers we can use crypto if we have smartphones but we can't use it if there's no internet.
That's what scares me about crypto and even internet banking, debit cards, and all that.  If you've got cash you can use it anywhere in the real world, but if you've got no internet or lost your debit card and you have to buy something and all you've got are electronic forms of money, you're screwed.

Lmao you say that like it's our choice.
Yeah, and then there's that.