Volatility of Bitcoin is better than the exponential inflation of fiat currency. These people don't really have much of a choice, take a chance by using and hodling crypto currency? or continue to have faith is a currency that is pretty much guaranteed to be worth less tomorrow than it is today.
RE: The collapse of fiat and rise of cryptocurrencies
You are viewing a single comment's thread from:
The collapse of fiat and rise of cryptocurrencies
Ya, conflict makes things tough...what works here for us...won't work for them. One day a person is banker in a wealthy family...the next there's nothing, no house, no electricity...and they're selling gas on a side road trying to eek out survival. As bullish as I am on Bitcoin et al, it's not a good conflict currency...but like you said...there's not really any good choice. Given the challenges of trading non-fiat currency in contingency environments...maybe there's a use case where there exists a hybrid of fiat/crypto currency? IDK.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit