Oddbean new post about | logout
 don't think someone designed Fiat with a motive for stealing !  No one sat down in a conference ..  with agenda  - let us steal poor people's money !  

It is all part of evolution .. btc is just better money. We need to go through the same  fin-tech revolution to reach #btc , where fiat is the starting point and btc is the maturity.  The question really is - can we sustain the sanity!  I say this because if humanity had stuck to "true" gold standard, then Satoshi wouldn't even think about bitcoin.  In fact we should be thankful to fiat economy for it incentivized creation of better financial rails.