Post
Topic
Board Economics
Re: Cash Is Trash
by
deisik
on 03/08/2020, 21:19:54 UTC
With that been said, if we do some research about the inflation level of fiat currency during the total lockdown season we can say cash is trash while bitcoin is king cause it maintain a stable price

I would be particularly cautious to draw such conclusions

Bitcoin is king simple due to the fact that fiat fails. As I see it, this is a different thing to be a king on one's own terms and merits (which Bitcoin is not), and to be a king through the failure of something else. In simple terms, if governments didn't destroy fiat by insane money-printing conveniently couched as fiscal stimulus, quantitative easing, and similar euphemisms, fiat would still reign supreme