Global debt is increasing and interest do as well. Like for Venezuela, they have been using their cash to create a product (literally) like bags which is surprising for me int the beginning.
Ive read an article that bitcoin and cryptos will save them if most of the citizens will start adopting it. Sadly, there are some restrictions happening there for cryptos base on the news that Ive watched before.
Very good comparison with that image.
Topic: bitcoin vs fiat; why bitcoin will eventually succeed - page 2. (Read 248 times)
No fiat currency ever lasts for long. Never will. It is based on NOTHING and governments print up as much as they want which devalues it over time. Friends dad used to work in the 1930's 50-hours a week for 25-cents an hour. That was a livable wage - try doing that now.
There can ever be only 21 million bitcoins. That is it. It will one day be worth more than a million dollars each.
There can ever be only 21 million bitcoins. That is it. It will one day be worth more than a million dollars each.
Fiat will eventually collapse because it's just debt backed by debt. Hopefully when that happens, cryptos will take over.
wow! that's a very informative and handy chart about Fiat and Bitcoin! I am downloading it and keeping on my evernote 
Jump to: