- cross-posted to:
- bitcoin@discuss.tchncs.de
- cross-posted to:
- bitcoin@discuss.tchncs.de
cross-posted from: https://discuss.tchncs.de/post/8010617
Lol, hilarious article. They still hate bitcoin but can’t deny its use any more.
Many feel instinctive revulsion when they spy a roach. But in spite of their flaws, the bugs have uses—they turn decaying matter into nutrients and eat other pests, such as mosquitoes. Crypto has its uses, too, such as portfolio diversification and keeping money safe under despotic regimes. And, as has been shown, it is just about impossible to kill.
Bitcoin just like gold and silver are alternatives to the fiat money that we are forced to use by the government. Fiat works fairly well in many developed countries. But it can also go very wrong, just look at Zimbabwe, Venezuela, Argentina, etc. inflation. On those countries it is practically impossible to build wealth. The long term hope is for Bitcoin or some other crypto to work as a hedge against inflation.
fi·at mon·ey /ˈfēət,ˈfēˌät ˈmənē/ noun inconvertible paper money made legal tender by a government decree.