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Cake day: June 12th, 2023

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  • Pulsar@lemmy.worldtoBitcoin@lemmy.world*Permanently Deleted*
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    10 months ago

    Bitcoin just like gold and silver are alternatives to the fiat money that we are forced to use by the government. Fiat works fairly well in many developed countries. But it can also go very wrong, just look at Zimbabwe, Venezuela, Argentina, etc. inflation. On those countries it is practically impossible to build wealth. The long term hope is for Bitcoin or some other crypto to work as a hedge against inflation.

    fi·at mon·ey /ˈfēət,ˈfēˌät ˈmənē/ noun inconvertible paper money made legal tender by a government decree.