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0 sats \ 0 replies \ @028559d218 OP 30 Sep \ parent \ on: Bitcoin, as a bitcoiner, is a really lonely place sometimes bitcoin
Hi friend. If you don't like bitcoin then just... don't use it.
I think the problem that most people encounter or realize... is which fiat or government money do you use? The biggest one by far is the dollar. And the dollar is fine, for now probably.
However the US government is 35 trillion in debt and adding considerably to that each year - in 10 years the US gov will be over 50 trillion in debt.
At some point it will be mathematically impossible for US bonds to payout to bondholders... holders will want higher interest rates. Which all things being equal will result in lower rates (at the fed) and so more inflation. Using government money is fine, there's absolutely nothing with that as long as, in the long run governments stay solvent. Around the world that doesn't look to be the case so people will want an alternative that offers safety alternatively.