More than sixty episodes of hyperinflation have taken place in countries using fiat monetary systems in the past century.
Discussion
Fiat increasingly divorces economic reward from economic productivity, and instead bases it on political allegiance.
Nature provides humans with rewards only when their toil is successful, and similarly, markets only reward humans when they can produce something that others subjectively value.
Bitcoin effectively combines gold’s salability across time with fiat’s salability across space in one apolitical, immutable, open-source package.