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Stop using Brave Browser (www.spacebar.news)
submitted 1 year ago by [email protected] to c/[email protected]
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[-] [email protected] 3 points 1 year ago

"Crytpto" is not a scam. Bitcoin and Ethereum are the future of money.

There are a lot of shitcoins out there, but don't let them fool you into staying poor. Fiat money is dying.

[-] [email protected] 27 points 1 year ago

All money is fiat money. It has an agreed upon value outside of its intrinsic worth. If you want to get away from fiat money you have to go back to barter.

[-] [email protected] 3 points 1 year ago

That's not true. Fiat money is money created and managed by a government. We need separation of State and Money.

from The American Heritage® Dictionary of the English Language, 5th Edition.

noun Legal tender, especially paper currency, authorized by a government but not based on or convertible into gold or silver.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

noun economics Money that is given legal value or made legal tender for money debts by government fiat.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

noun money that the government declares to be legal tender although it cannot be converted into standard speci
[-] [email protected] 4 points 1 year ago

you should read "what is money" by mitchel innes. he shows very well that pretty much any money ever has been fiat money

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this post was submitted on 29 Aug 2023
726 points (100.0% liked)

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