Post
Topic
Board Economics
Re: Cash is not trash
by
uneng
on 10/04/2024, 17:33:27 UTC
Do not trash Fiat yourself when it's actually needy, crypto and Fiat must co-exists until the government decide to go digital with Fiat themselves, and Fiat is not trash.
Fiat is a trash you are forced to use, otherwise you can't have access to most products and services in your local society. There isn't a choice in this case, but if there were, I wouldn't use fiat anymore, since Bitcoin seems much more convenient for me. Its value is constantly rising on long term, while fiat is leading purchasing power to very low levels along the years. Sometimes in a timeframe of few months we see huge losses in purchasing power when going to the supermarket. However, people didn't get conscious about how trash fiat is yet.

They use it without contesting or seeking for viable alternatives which can help them to make their money last for longer. Even the barter system looks a better alternative compared to the failed and scammy fiat one, which is profitable only for banks, big companies and members of the government.