Viewing a response to: @teamsteem/united-we-stand
1. Fiat currency is made from thin air --> but this is indirectly linked to many things.to the economy of a country, ability to pay back,productivity,military power and so on. Lets say you cannot simply purchase an island,create fiat currency as you will and expect to have any value.its decided by markets(read people) relative to another. I guess its complicated than created out of thin air 2) Crypto vs Governments /Centralized vs decentralized --->It all comes down to human nature!!! Can humans exist without hierarchy ? a world with no governments ,no imposed rules???time will tell
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| author | sanees |
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The Nobel Prize Maurice Allais use the term ex-nihilo which is latin for out of nothing. Sure if someone created paper money and said it's worth x amount of USD they shouldn't expect it to worth anything but that doesn't mean this isn't the way countries create money. Fiat-money isn't backed by anything. It is a form of taxation by inflation pure and simple. Countries aren't even creating fiat-money anymore, they're just creating debt pure in simple. It is a very vile system. I invite you to watch the documentary if you haven't.
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| author | teamsteem |
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