It would help to avoid these people.
Governments have killed Fiat money and stomped it out like the wet end of a cigarette butt.
Fiat money is a currency that isn’t backed by anything apart from governments who declare that it’s valuable and is a legal tender.
Ironically it sounds like a giant Ponzi scheme.
The Fiat money you and I use has no use value. It’s valuable because individuals use it as a medium of exchange, and we all agree on its benefit.
We all accept this as the gospel, and we’ve tolerated the fiat system up until now.
Bitcoin and Blockchain technology is taking our broken financial system and making it infinitely better.
Bitcoin is better in so many ways:
- It’s provably scarce with a fixed supply (21Million Bitcoin).
- It’s so durable it’s almost indestructible, backed up by computers worldwide.
- It cannot be counterfeited.
- As a digital asset, it is highly portable.
- It doesn’t require a middle person, removing human error or corruption.
- You can send large transactions for fractions of a penny anytime, anywhere in the world.
The only thing stopping Bitcoin from operating would be if the internet went down.
We’d all be screwed if that happened.
A civil, fiat money society has served us well, but people usually ask why we should use Cryptocurrency when what we have works just fine.
It doesn’t, and it’s fundamentally broken.
- Paper can be burned, forged and destroyed (BOE Reported 40,000 Bank Notes Forged).
- Fiat is not scarce;…
