Quote:
Originally Posted by MorTech
This guy is exactly right...An actual genius.
https://www.youtube.com/watch?v=Y37wn-f5hmE
Younger people are starting to wake up...They may be the first on Earth to be truly free/civilized and not serfs to external authorities and their Ponzi fiat. Ahh, to be 20 again  |
Well, this guy is "right" up to a point. If there were something to constrain the market to use Bitcoin, then perhaps some of his arguments are valid. But, his (and my) disdain for fiat currency applies to bitcoin also. Why? In the same way that governments create money out of thin air, just about anyone can (and have) create a new cryptocurrency out of thin air. As of this writing, there are in excess of 17,000 crypto currencies. As you can see, cryptocurrencies are collectively a type of fiat currency with no inherent value.
Food, water, energy, and guns / weapons to protect same are all that will matter when the USD collapses (in the very near future).
Try eating a dollar or a bitcoin.