Fiat is very misunderstood. The best way to explain it is to look at the alternative, the gold standard. Given that gold is in limited supply (2% growth per year, much lower than economic growth) any gold standard will mean deflation when you have economic growth, so the value of gold reflects the new value being created. And deflation is very bad long term. It stifles trade because why buy something today when your money will be worth more tomorrow? Deflation creates a game in which the person who can afford to move last wins, as in very in favor of the ultra wealthy. Which means that with deflation they cannot go bust anymore, all they have to do is keep their money safe and deflation will do the rest, but with inflation they have to move their money otherwise inflation will erode their wealth in time. If you look at US history you'd see deflation causing depression in times where capital was flowing into the economy. Inflation stimulates the economy, the person who moves first has the most to gain because money is losing its value constantly.

Fiat is a very elegant solution to the problem of deflation. When you had a gold standard money was synonymous with value. But Fiat is not just value, fiat also stores debt because a debt is being made every time money is being created and our financial systems are set up in such a way that value rises to the top and debt sinks to the bottom. Bank bail outs meant the people at the top kept the value while the people at the bottom were stuck with all the debt. That is the problem, not fiat per se. But as long as fiat will be controlled by bankers and governments you'll get crap like this.

Do you believe all Muslims are bad? How do they differ from the terrorists?

You may want to share your thoughts. Some think all muslims are terrorist. Reasons why they said that because they don't study about their culture and norms. They need more information about why there are msulims and how do muslim live, how are they related to ISIS and other terrorists group in the world. 

Money is one of our most important part in our life and we all work for money. I accept that money can buy a house, car, dresses and all things which we need in our day today life. But can money bring us true happiness???

A small incident which is making me feel if Money is the only thing we need in life. One of my cousin is married and have 2 kids and the younger one is just a year old. They are planning to leave their kids with their parents and go to a foreign country to earn more money. I cant imagine if both of them can be happy without seeing their kids or money has made them to take this decision. Do you think its a right decision?

Also,Why is money so important in our life?

I spend my money from bitcoin to fulfill my needs. Also i like to spend it specially on food and to fill my hobbies.

I respect your point of view when it comes to bitcoin. It wasn't entirely useless if a lot of people are benefiting from it. A lot of people get rich because of bitcoin and I think it is quite rude to say it was useless.

Lower fees, transactions are approved within minutes or hours and not within DAYS!

Can this please keep itself like this permanently?

For me i think so.. 


http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/

READ MORE:

I think it's not. But the right should be same for both of them. Discrimination between man and women should not be existed in 20th century. But unfortunately it increases in some region. The explanation of discrimination is  changed though. But i think if we generalize this in the typical way, then we cannot get the positive result.

Men and women are different in - 1. Biologically and
                                               2. Mentally

All the men should be thankful to the women because they could not see the earth if the women did not give birth.Women are much more ahead to get respect than man because mother is the inventor of the universe.Man and woman are like 2 students who got the same marks at the exam. For example, john(man) and rita (women) are friends from same class. They each got 90 marks out of 100 marks which had 10 mathematical problems.
             
                                                         JOHN          RITA

                                              Q1          8               10
                                              Q2          9                8
                                              Q3         10               7
                                              Q4          9               10
                                              Q5         10              10
                                              Q6          9               10
                                              Q7         10               9
                                              Q8          9                9
                                              Q9          9                7
                                              Q10        7                10 
                                           
                                            TOTAL      90               90   


As we can see they got the same marks in overall but they are not the same in each mathematical problems. I think man and woman are like this. Their rights are the same in overall but their rights in different stages and situations are not the same.Physically a man is more stronger than a women.So,In order to establish the security of the family they have to come forward first.On the other hand a women can be a symbol of peace in the society.In a research, it is seen that the corruption rate is much more higher when the workers are male.Interestingly this rate is very much lower among the female workers.
 

why is it ok for a group of people calling themselves the government to force everyone to buy their services?
if enough armed people refused to pay and told the government to go fuck itself there is nothing they could do.

Which one suits you the most?

unlike other investment. The price of the bitcoin keep rapidly raise and it keep my money increasing too. That's why I choose to invest in bitcoin.

Who really cares, let them marry if they want it wont change my day.
It's only bullshit religious groups that's stopping them because some imaginary god has told them it's wrong.

sa nakalipas na 24 hours ay naglalaro sa  $427-435 ang presyo sa trading site na sinalihan ko.

sa lokal btc trading ba, pareho din ang price? diko kasi gaanu mabantayan sa coins.ph

Did you ever thought why many people are not happy even they have many possessions in life?  Did you ever thought the reason behind those agonies even if they tried to be happy but it wont last that long?  Physically,  they showed to the whole world that they are strong,  they enjoy their lives to the fullest.  But at end of the day,  loneliness attacks.  Did you ever thought why people are unhappy?

Hi guys im just wondering what are your ways to deal with stress, i can not seem to cope with stress.
Its not just school thats causing this problem for me but other events that occured in my life the past couple of months,
this month has been especially hard, i cant sleep due to the anxiety that i have this is m second night i havent slept.
What are some ways i can relieve this..

Why do you think people have suicidal thoughts? Is it reasonable to result to potentially killing oneself to be able to remove the pain a person is suffering from? What are your thoughts about this matter, is it acceptable or not? Why does a person result to thinking of suicide? How can you help the person to change His/Her mind?

not at all. Happiness does not depend on money. It is more like a psychological thing which is more connected to the human minds. Don't you think so?

Age signifies so much more than just a number: it can reflect your maturity, your stage in life, and your experience.  At the same time, age can be deceptive.Does  it matter if men date younger women? If so, how much of an age gap is an acceptable one?

Getting a job is not possible for everyone, not everyone has family or [friends] to help them and sometimes they will make the bad situations even worse them. If you've ever really needed money and were very desperate, than you probably know that people would let you starve to death rather than give you $5.

It's weird how people won't toss out just a few dollars to help someone in need, yet they'll spend $10000 or more on their pet that has an average life span of under 5 years.

But then again, if you give the person in need money, they'll keep coming back for it. It's a real crap shoot