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This post compares bitcoin to fiat. But to an idealised version of fiat. Sure, Bitcoin is not perfect, but please don't look at the current monetary system as
by srge 5y ago
This post compares bitcoin to fiat. But to an idealised version of fiat.
Sure, Bitcoin is not perfect, but please don't look at the current monetary system as some kind of pristine, god-created scheme.
Inflation, the banking system, counterfeit money... our monetary system is far, far from ideal.
Also, is Bitcoin overvalued? Maybe. What about the stock market, real estate, gold?
The case against Bitcoin has its merit, but it's mostly a list of one-sided arguments that basically ignore the real actual world that we live in, and its flaws.