Spencer on Nostr: I understand the tendency for people to expect fiat to persist alongside Bitcoin for ...
I understand the tendency for people to expect fiat to persist alongside Bitcoin for decades because it feels presumptuous and reckless to say the big ship of fiat will quickly sink. But I don't see any first principles that keep fiat afloat. It's headed into rapid debt default. How can the USD survive for more than ~10 more years?
Published at
2023-12-05 15:49:36Event JSON
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"content": "I understand the tendency for people to expect fiat to persist alongside Bitcoin for decades because it feels presumptuous and reckless to say the big ship of fiat will quickly sink. But I don't see any first principles that keep fiat afloat. It's headed into rapid debt default. How can the USD survive for more than ~10 more years?",
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