Post
Topic
Board Economics
Re: People don't understand the problem with monetary system.
by
khiholangkang
on 10/08/2023, 13:40:07 UTC
snip
we can draw a conclusion that given a critical attention we will agree that nearly all the people that have adopted bitcoin, using it as alternative of fiat money are people who have an understanding of  monetary system  wholly and how bedeviling it (fiat) has been to citizens financial freedom and privacy due to intricacies of government regulatory policies surrounding it.
I don't agree that people who use bitcoin are those who understand the monetary system, among the many people I pay attention to and question them why they use bitcoin is because they find it easy and can make bitcoin a long-term investment asset, compared to Fiat which experiences every year the reduction in exchange rates as a result of inflation, the monetary system has a broad scope, not only fixated on prices and values, various types of work policies, flows and mechanisms of supply and demand also include payment systems and others.

Maybe there are some people who use bitcoin because they know how bad FIAT is, but there are still many who don't understand what the monetary system is, but they invest in bitcoin.