A big problem with the fiat system is that it doesn't let projects and companies that should fail to fail.

It strips away the consequences for poor judgement and actions.

In a way it's like participation trophies at scale.

Malinvestments should fail fast and be removed from the economy fast, just like we quickly remove a cancer from the body once we identify it.

Alas, we have papered over so many mistakes and failures at this point that everyone seems to think there are no consequences for failure and folly.

#Bitcoin fixes this.