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20 sats \ 5 replies \ @DarthCoin 14 May 2022 \ parent \ on: I have written an article on medium for Bitcoin failing as a money, let me know how wrong I am! bitcoin
OK shitcoiner... HFSP
https://i.postimg.cc/85LjwpGG/ok-shitcoiner.gif
You are the exact reason why I am writing this article. Fiat will always exists, new regime, new fiat.
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Have you read The Fiat Standard?
You should.
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I am not a big fan of his work. I have read the bitcoin standard.
I believe he presented the history of money and the importance of Bitcoin relatively well. But his work really is meant to convince you of bitcoin, it doesn't address the fundamental problems of bitcoin.
Finite supply and inelastic supply makes it extremely violate by nature. if not more in the future.
There's a lot to economics, like Milton Friedman and monetarist.
He is the one who sort of kickstart the thinking on all modern economist focus on the money supply.
I would highly recommend getting more in depth knowledge in economics before reading his book, just so you don't get sold in his story but reading his argument and coming to the same conclusion.
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Answer this: why have essentially zero economists been right about bitcoin?
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And you might find this interesting too!
A Critical Review: THE FIAT STANDARD | Ugly Old Goat
#27065
https://medium.com/coinmonks/a-critical-review-the-fiat-standard-1cf03aa53b17
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