this post was submitted on 29 Aug 2023
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"Crytpto" is not a scam. Bitcoin and Ethereum are the future of money.
There are a lot of shitcoins out there, but don't let them fool you into staying poor. Fiat money is dying.
All money is fiat money. It has an agreed upon value outside of its intrinsic worth. If you want to get away from fiat money you have to go back to barter.
That's not true. Fiat money is money created and managed by a government. We need separation of State and Money.
from The American Heritage® Dictionary of the English Language, 5th Edition.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
you should read "what is money" by mitchel innes. he shows very well that pretty much any money ever has been fiat money