Submitted by strokeright t3_11366mm in technology
whorunit t1_j8qnumr wrote
Reply to comment by xal1124 in Bing: “I will not harm you unless you harm me first” by strokeright
Yes .. look at Venezuela, Columbia, Africa - people hold their money in crypto because the government debases the currency to $0. The same thing will eventually happen to the USD - if the government isn’t careful, it will lose its reserve status and people have many other options now. Read “the ascent of money” - government currencies rarely last more than a few decades, they ALL eventually go to $0 leaving citizens poor.
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