Oddbean new post about | logout
 Yes, you are right about fiat and the principles at work. That is exactly its function, to have an ability to be devalued at a certain rate per day/month/year and that is ok. It's designed to do that. I don't understand how that's an offensive revelation for many. 

I mean, I get it, it can be offensive if fiat is treated as a store of value and the only monetary tool available to you, but there are many other tools available to people, bitcoin being the best in history, available to every human in the world.

Again, use fiat as a medium of exchange, use Bitcoin as a store of value. These two systems coexist perfectly fine.