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What are the obstacles to replacing Fiat? I think people underestimate the combination of payment method and value, but I also just haven't heard a good argumen
by dalanmiller 9y ago
What are the obstacles to replacing Fiat? I think people underestimate the combination of payment method and value, but I also just haven't heard a good argument against.
- valarauca1 9y agoOkay here is one: We haven't. A strong argument can be made the USD (and most the world's curreines) are backed by oil as oil may only be exchanged for USD. Furthermore inflation tracks oil sale perfectly since the petro-dollar started.