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Gotta love HN - getting downvoted with no explanation, but most likely because the truth is uncomfortable and people would rather press the downvote button than
by tinfoilhatter 9mo ago
Gotta love HN - getting downvoted with no explanation, but most likely because the truth is uncomfortable and people would rather press the downvote button than face facts.
- actionfromafar 9mo agoI think you should rather assume that when you mention crypto taking over fiat, it's just too outlandish to even comment.
- tinfoilhatter 9mo agoExcept governments around the world have been talking about a digital dollar / digital currencies for years now. I'm not sure exactly what is so outlandish about it. The fiat system is collapsing, and the signs are quite plain to see. Can't print fake money forever...
- actionfromafar 9mo agoUsually, what they mean is fiat tokens, minted much like paper currency.
- tinfoilhatter 9mo agoThere's a large difference between fiat currency and what you're calling fiat tokens. One is extremely difficult to trace - the other is extremely easy and allows the nation states that are "minting" them to track every transaction being made with them. They are nothing like paper currency outside of being another abstraction of actual value and being issued / controlled by the banking cartel.