3 ms·
> it's going to look like a bunch of dudes printed themselves a fortune and then convinced the rest of the world to buy it from them. Just like fiat money.
by MadSudaca 9y ago
> it's going to look like a bunch of dudes printed themselves a fortune and then convinced the rest of the world to buy it from them.
Just like fiat money.
- paulgb 9y agoYou can dislike how much fiat the government prints (I do too!), but at least when the government prints money the profit goes towards things that benefit the public (bridges, defense, schools, etc.), some corruption notwithstanding.
- MadSudaca 9y agoI don’t necessarily dislike fiat, I’m just saying that probably the same gender demographics applied to the invention and dissemination of paper money. One example that comes to mind is the Mississippi Bubble. When I read about it most people involved at the beginning were men, but eventually everyone wanted a piece of the action.