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Showing results for tags 'fiat'.
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I wrote a new post about how Bitcoin's value proposition can be correlated with general mechanisms by which any fiat money economy operates, as I've explained in some recent posts on this forum here. Here is the conclusion from that article: In other words: people ultimately hold Bitcoins, b... -
So couple of days back I was debating with a Socialist friend of mine who came out saying that states can borrow money as much as they want. I obviously asked him that how the hell could that be possible? Well this is how he explained it: 1. States don't have to pay back their debt because they...