> Crypto is no more of a Ponzi Scheme than Fiat currency is, the big difference is Fiat currency is back by threats of violence (aka government).
"Fiat" currency has a lot of people overseeing it, and armies protecting it. I'll take that over SBF any day.
Even with fiat's issues--for example, with a stroke of a pen, Biden can print and confiscate money and transfer it to privileged college borrowers, causing inflation--it still works better. In this case, our court system is slowing the process down
Fact Check: False.... not slowing down at all... US Government spending is still extreme irresponsible and fast approaching insolvency... but hey the courts stopped a 0.0000015% increase so yea.....
"Fiat" currency has a lot of people overseeing it, and armies protecting it. I'll take that over SBF any day.
Even with fiat's issues--for example, with a stroke of a pen, Biden can print and confiscate money and transfer it to privileged college borrowers, causing inflation--it still works better. In this case, our court system is slowing the process down