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We don't need to force people onto sound money. People will adopt it naturally over time if it's better for them than fiat money. However, there is no sound mo
by javert 7y ago
We don't need to force people onto sound money. People will adopt it naturally over time if it's better for them than fiat money.
However, there is no sound money right now. Bitcoin was designed to be sound money in theory, but it has to get a lot more liquidity first. Gold once was sound money, but also would need a lot more liquidity to be sound money once again. So we just have to wait. I'm not suggesting that we force it.
Fiat money seems destined to eventually collapse. There is a long road, but every time fiat money stumbles, it will be a little victory for alternatives. Investors have been fleeing into gold lately. Wealthy Chinese people have been fleeing into bitcoin to at least some small extent.