[Deleted]

in cryptocurrency •  7 years ago  (edited)

[Deleted]

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I support cryptocurrency because governments and banks have made such a mess of fiat money. Most countries have huge debts and deficits. The banks acted like casinos a decade ago but I doubt that lesson has been learned and we will probably have to pay for another catastrophe in the future. Cryptocurrency seems like a better idea and it can't be any worse than fiat money.

Actually I am trying to understand the economic part of cryptocurrency and the reason why it can keep governments and banks in check.