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Statistically, the majority of the world’s fiat IS trash. Most of the world’s currencies are not worth holding at all. You just happen to be born in a country
by spaceman_2020 4y ago
Statistically, the majority of the world’s fiat IS trash. Most of the world’s currencies are not worth holding at all.
You just happen to be born in a country that doesn’t have trash fiat - yet.
But if you were born in Pakistan, Lebanon, Argentina, or even Turkey, you’d probably say that your fiat was trash.
- dragonwriter 4y ago> Most of the world’s currencies are not worth holding at all. No currencies are worth holding (lending at interest isn’t holding.) Holding isn’t what currency is for.
- spaceman_2020 4y agoMost currencies are also not worth lending at prevailing local interest rates. Currently, that also applies to apparently non-trash currencies like Euro and to some degree, USD.