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The big question that big media fails to ask is what if - after infinite money printing - all fiat currencies go to zero together
by xiphias2 5y ago
The big question that big media fails to ask is what if - after infinite money printing - all fiat currencies go to zero together
- factorialboy 5y agoShouldn't be defensive. Crypto communities spread FUD about fiat all the time. Some of it justified. But equally justified is looking at the -real- value that BTC and other crypto assets offer. (Disclosure: As many people here on HN, I entered into the crypto space during the 2016-2017 rally. Still get paid in fiat. And my biggest assets are in real-estate.)
- xiphias2 5y agoAs for me my biggest asset was fiat until I realized how bad deal I'm getting, how much I was screwed by going to another country and saving all my money in fiat. That's why I was open to Bitcoin early on. For you, as your biggests assets are in real-estate, you're not in the danger that most people in the world are.
- garyclarke27 5y agoIt’s clearly possible for a particular currency to go to go to zero with unlimited money printing as demonstrated in history - Germany, Serbia, Zimbabwe etc. But it’s almost certain that not ALL countries would be that stupid to print infinite new money eg Switzerland. Bitcoin will probably go to zero, when we have the next major crisis, such as when China invades Taiwan or before when the Tether Ponzi scheme inevitably implodes.