Quote from: Z-tight on Today at 11:28:05 AM

Quote from: BitGoba on Today at 06:45:03 AM

Bitcoin is digital cash. money You don’t need banks or any intermediaries to hold it. Also, it’s not wise to hold Bitcoin in an ETF, because the entire fiat system is essentially a giant Ponzi scheme that will eventually collapse due to hyperinflation it’s only a matter of time.

I think that is a serious conspiracy theory, to believe that the fiat system is going to collapse. The system obviously has a lot of flaws, but it's not going to collapse and we'll be using fiat for a very long time.

As far as I know, fiat money appeared in the feudal period of China (11th-12th century) and was sponsored by the dynasties of that time. Meanwhile, the modern fiat money system in the West was formed in the 17th-18th centuries by central banks. That means they have been around for hundreds of years and are still used today. I really don't think they will collapse or disappear one day. If they disappear, it will just be a replacement or a more modern version, they will not be replaced or beaten by bitcoin.

This is not a serious conspiracy theory but a delusion. Grin