SwissHodler on Nostr: There's a lot of talk about #fiat money, but I bet many people don't even know what ...
There's a lot of talk about #fiat money, but I bet many people don't even know what it is. And no, it has nothing to do with Fiat, the car brand.
Here's the fiat monetary system explained in simple terms:
"Paper money printed by governments, backed by nothing, and designed to lose value over time."
#Bitcoin fixes this by offering a decentralized alternative that can't be manipulated or devalued by governments or central banks. 🧡
With a fixed supply of 21 million, Bitcoin is designed to preserve value and protect your purchasing power, unlike fiat currencies that lose value over time due to endless money printing 💸
#BTC #CentralBanking
Here's the fiat monetary system explained in simple terms:
"Paper money printed by governments, backed by nothing, and designed to lose value over time."
#Bitcoin fixes this by offering a decentralized alternative that can't be manipulated or devalued by governments or central banks. 🧡
With a fixed supply of 21 million, Bitcoin is designed to preserve value and protect your purchasing power, unlike fiat currencies that lose value over time due to endless money printing 💸
#BTC #CentralBanking