Home

Comment: Yet another fiat

(See in situ)

In reply to comment: Not wanting to take away (see in situ)

Yet another fiat

Submitted by rayt on Sun, 02/03/2013 - 22:30.

Hasn't history repeated itself enough times? The simple fact is that fiat currencies don't work. No offense, but only a Keynesian would advocate replacing one fiat (USD) with another (bitcoin). Bitcoins are backed by nothing and therefore intrinsically worth nothing.

If you want to use bitcoins as a medium of exchange, fine. But as a store of wealth, I'll stick with real, hard assets, such as gold, silver, land, commodities, etc... thank you very much.


Replies to this comment: