YnoT on Nostr: Fiat systems incentivise banks to take risks for big profits while being aware that ...

Fiat systems incentivise banks to take risks for big profits while being aware that they will always be saved and won't pay for their failure like in 2008/09.

Being born into a fiat system therefore means you're forced to play a game with high risk/negative reward. Risk and negative reward forever increase the further the system is on its inevitable way to collapse.

Hence #HardMoney like #Bitcoin is necessary.