Post
Topic
Board Economics
Re: A Question about Fiat
by
bitcoinwien
on 30/10/2014, 08:56:56 UTC
take bitcoin for example

right now you can say the more Bitcoin I owe the better

but what happens if I owe all the bitcoins, than they arent worth anything anymore other than value I give them

and if I want to sell them I have to agree on a value with the buyer

and this value could be way under the value I paid for

and this is with everything like that isnt it

Even with real Money, what sense does all the Fiat in the World do me good if Im the only 1 using it

so to give a currency a value I have to find people that play in this system, in the FIat we get forced into
but bitcoin is our own free will

damn, im getting sidetracked here I guess but it is some crazy shit, if you think we just forced into the fiat currency, im i getting paranoid??