3 ms·

You can say the same about fiat too.

• xwolfi 4y ago
  Just calling money fiat is like calling people "infidel" :D
  • dgellow 4y ago
    https://en.wikipedia.org/wiki/Fiat_money https://en.wikipedia.org/wiki/Fiat_money
• rchaud 4y ago
  Bitcoin maximalism has immediate parallels to religious doctrine that regular currencies do not. 1) Divine creator whose existence is impossible to prove 2) A holy book: (whitepaper) that's taken as absolute truth and therefore doesn't require any revisions or updates. Proposed changes to core beliefs create split factions (BTC v BCH, Old v New Testament, or the Shia-Sunni split in Islam). 3) Monotheism: Belief in the primacy of Bitcoin blockchain over all other competing chains, and warning of divine punishment for apostates (NGMI).
  • datadata 4y ago
    Well before bitcoin, I never felt comfortable with dollar bills stating "In God We Trust" on the back.
    • jakelazaroff 4y ago
      They were actually introduced to dollar bills (and mandated on all money) relatively recently: in the 1950s, as a symbolic effort to oppose communism.
      • deleted 4y ago
        [deleted]
• Gemoto 4y ago
  Fiat is the best fine tuned PoS system we have. Is it perfect? No. Is it ages ahead of Bitcoin? Yes