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There are also big risks to fiat money, such having the entire economic output of your civilization be grossly distorted by central banks.

• bob33212 5y ago
  No one is saying that fiat money is perfect. This is a logical fallacy to jump to "Fiat has issues, therefore I will only own bitcoin". That is like saying "McDonalds is unhealthy, therefore I will only eat sand"
  • javert 5y ago
    I didn't say that. You're attacking a straw man.
    • wizzwizz4 5y ago
      You brought up fiat in a way that implied a dichotomy.
• abecedarius 5y ago
  "Risk-free rate" as in "nobody gets fired for buying IBM" rather than "actually no risk".
• shkkmo 5y ago
  Until the cryptocurrency community sorts out their Tether problem, they should probably lay off the "but central banks print money" talking point...
  • RhodoGSA 5y ago
    Tether has been audited now. Granted, i wouldn't have trusted them pre-audited but now they are about as trustworthy as any other bank.