[fu9ar]

I didn't argue against fiat currency. I argued against FUD against China's currency based on stupid ideas. I do think that the difference between a gold-backed and fiat currency is a valid difference, but would never advocate for a gold backed currency because storing gold in vaults is stupid when we can use it for actually useful things instead. Knee-jerk internet-argument STEMlords jumped on the word fiat without actually understanding the context.

[nitrogen]

It's also possible that people understood your argument but downvoted you because your first comment's tone was frantic, angry, and inappropriate for HN.

This comment is a bit better, but still insults the people you hope to convince. These insults only harm your cause.

[akhatri_aus]

Sorry, what is FUD?

In all honestly we haven't seen China in a recession yet, so we don't know how they deal with it, we also don't know how they deal with inflation with a free floating exchange rate, and if their currency is stable with it. With the others, CHF, CAD, GBP, USD we've seen it all many times & know they can maintain their currencies value well & their government budget well.

You can't imagine being a central bank governor and risking a country's reserves on this just for the sake of glory. For what reason would you hold your country at so much risk & uncertainty?

[burkaman]

It usually means Fear, Uncertainty, and Doubt.

[hx87]

Seriously, what the hell is a STEMlord?

[jessaustin]

To my shame, I automatically read this as "sperglord". If you don't know, that's probably for the best.