Replying to Avatar a source familiar with the matter

If it's backed by metal it's not fiat - you can express your lack of confidence in the issuer by redeeming the currency for the metal and peacefully withdrawing from the system

Fiat makes this peaceable withdrawal impossible (at least, not for everyone)
Avatar
mrclownworld 2y ago

Fiat withdrawal is indeed impossible; metal withdrawal I think is simply impractical. Bitcoin withdrawal is trivial so I think it will keep blowing up the people who try to play ponzi games with it (exactly as it should).

Reply to this note

Please Login to reply.

Discussion

No replies yet.