moralsupply

Go ahead and call Bitcoin a "fiat currency" if that suits your narrative.

Don't be surprised if some people laugh at your face, though.

A mafia or some other organization capable of enforcing rules over people could create a fiat currency too.

Except that most gold being traded under the "store of value" premise doesn't exist, it's "paper gold".

Also, gold is the one most manipulated market in the world, having both banks, central banks and governments actively interfering in its price discovery.

How did you conclude that I was implying that USD being fiat is an argument for the use of BTC?

Do you know what "fiat" means? It means "mandatory".

How is Bitcoin being imposed on you?

On the other hand, if you live in the US and you decide to not use the US Dollar, you'll go to jail.

Feel free to keep all your wealth allocated in gold.

We'll talk again in 5 years time.

Following that logic China and India should be a lot more problematic than Brazil. As a matter of fact, both of those countries "mismanage" Covid-19 as well.

> And you must be laughably far right to call The Economist left wing. Marine Le Pen would call it a right wing paper.

Did you read the article? It doesn't follow a "right wing" tone.

[flagged]