Post
Topic
Board Economics
Re: Fiat and cryptocurrency
by
South Park
on 27/02/2021, 01:43:29 UTC
Cryptocurrency is a revolt against fiat currency and banking institutions! Cryptocurrency is the revolution.

It's really not though. It's backed by nothing


Same goes for fiat too though,, good thing with crypto is at least you know how much of it is in circulation
Which is why it is so valuable, governments can print fiat as well, but even if this is not true for gold we do not know how much has yet be mined, but in the case of bitcoin not only we know that number we have a very precise knowledge of the rate at which this will happen and how long it will take the get there, this makes bitcoin the perfect store of value, and I think people are realizing this is the case which is why the popularity of bitcoin increased so much during 2020.