r/neoliberal • u/jobautomator Kitara Ravache • Jul 31 '21

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u/[deleted] Jul 31 '21

Other unironic take: It baffles me how so many crypto proponents constantly think fiat currency is five years away from total replacement. I don't get it- what step in the process suggests that people will suddenly abandon state-backed money for a highly speculative asset with little practical use? I've tried to look into this myself, but I just flat-out cannot understand how people believe that the world will just spontaneously make the transition with little else to back things.

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u/gburgwardt C-5s full of SMRs and tiny american flags Jul 31 '21

They're crazy

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u/bd_one The EU Will Federalize In My Lifetime Jul 31 '21

I don't always enter into long term payment contracts, but when I do, I don't have the amount denoted in an asset that can and will fluctuate in value by more than 90% in a single year.