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by eric_cc 1582 days ago
Dude…

Venezuela, for example?

2 comments

Love it when this gets dragged out. Nevermind the hundreds(?) of other countries that have nearly a century of mostly-stable economic activity under non-gold-backed fiat currency.

This is like saying that all pilots are actually trying to crash airplanes because some airplanes have crashed in the past.

No the point is that there are major losers in the current paradigm.

Here are 19 other countries with double-digit inflation right now:

https://www.statista.com/statistics/268225/countries-with-th...

My speculation is that, on a long enough timeframe, every country eventually becomes a loser when they are using government-controlled currencies. Corruption is inevitable..

Literally the rest of the earth manages to get along just fine. If you're suggesting a bank controlled by a single idiot centralised dictator has the potential to fail, I can point to many thousands of rug pulls on the supposedly "immune" blockchain.
> Literally the rest of the earth manages to get along just fine.

This is absolute bullshit.

Literally your little bubble in your mind manages to get along just fine.

?

The economy

Exists.

It's right there - I can go to the store and buy things with my money. Don't be ridiculous.

Nothing in those links contradicts what I'm saying.