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01-14-21, 08:44 AM | #1 |
Soaring
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So rich and yet so poor
https://www.nytimes.com/2021/01/12/t...-fortunes.html
To me Bitcoins are just FIAT currency units without paper and central bank control. No real money. The features of the security technology might be interesting, but the economic interpretation of the phenomenon is most absurd. The next wave of symptoms of the Fiat currency crisis promises to become so devastating ion scale and reach maybe that there will be sufficiently strong calls for a return to real money, hopefully, this would put chains both on recklessly spending governments, and companies alike. The road from here to there will be a most rocky one, however. We desperately need a real commodity money again, not this self-deception we currently "pay" with.
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If you feel nuts, consult an expert.
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