Bitcoin vs Fiat-currency

in #bitcoin • 7 years ago

nikita-andreev-409108.jpg

"...fiat currencies are debt-based claims on future profits, energy production and wages, claims that are expanding far faster than the real economy and the productivity of the real economy.

In effect, fiat currencies and debt are like inverted pyramids resting on a small base of actual collateral..."

http://www.zerohedge.com/news/2017-12-11/bitcoin-vs-fiat-currency-which-fails-first

Photo by Nikita Andreev on Unsplash

#fiat #no-collateral #fails
7 years ago in #bitcoin by
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