Danielsan on Nostr: I respectfully disagree. Fiat money gives power hungry people the ability to print ...
I respectfully disagree.
Fiat money gives power hungry people the ability to print money. They use that money to enslave the population. Bitcoin is only created by randomly rewarding a member of the network based on the proof that they are working to secure the network.
Because of the incentive structure created by the above reality, Fiat money is enforced with blood and bombs (evil), while Bitcoin money is enforced with computers and hashpower.
I could go deeper, but don't have the time.
Fiat money gives power hungry people the ability to print money. They use that money to enslave the population. Bitcoin is only created by randomly rewarding a member of the network based on the proof that they are working to secure the network.
Because of the incentive structure created by the above reality, Fiat money is enforced with blood and bombs (evil), while Bitcoin money is enforced with computers and hashpower.
I could go deeper, but don't have the time.