Fiat is going to collapse. It's a matter of when, not if. And when it does, you best believe every normie with a smartphone will hit up anyone they know who mentioned Bitcoin even in passing how to get some.
Discussion
Not in our lifetime or the next generation. Fiat can & will exist much much longer than expected. Even if people are dying, buildings are burning and wars are happening. Covid showed me/them how easy it is to reset anything at any time. Even if it’s not in a persons best interest.
I'm not so sure.
Remember governments don't control money. Central banks don't control money.
Commercial banks control money and therefore have virtually full power over the economy.
If commercial banks like Bitcoin and become increasingly bearish on fiat, that's all it takes.
Confidence is the one and only single reason fiat has perception of value. The more it's debased, the more volatile economies get, the more that confidence fades slowly but surely.
I could see a black swan event causing serious harm to fiat in a decade or two.
Can't wait to say "I told ya so"! 😅
I like to stay humble and stack sats.
I'm gonna be a bit more tactful. Ask if they need help buying Bitcoin after shit hits the fan.
The "I told you so" will be implicit.
It's also becoming more and more obvious to the general public just how obsolete the current monetary and banking system is.
As they storm Walmart for their third 90 inch TV on credit 😂
People don’t know shit.
Most people are idiots but trust me he's right when it comes to smart people.
Also I should add: it's also much more apparent to people outside the West.
This⬆️
Now that’s a great point. Seeing it in El Salvador live. Venezuela, Mexico, and more. Pull on that thread. They are also all at the whim of the US so their struggle is real.
Absolutely.
Whenever I talk Bitcoin to people who come from outside the West they don't need any encouraging to become orange pilled.
As soon as they understand it's not able to be controlled by the government they want it nine times out of ten.
I’ve orange pilled a few as well. Brazilian with family still in Brazil. The western union vs BTC argument lights up their eyes immediately. Strike is my go to for buying, sending right now. Thank you Mr. Mallers.
Yeah and the first person who listened to me on Bitcoin was my dad. He can barely use an iPad. But he's Cypriot. As you probably know, the government there literally raided everyone's personal bank accounts.
As soon as he understood no one controls Bitcoin and the government has no practical ability to do so, he actually bought it right alongside me. Immediately.
Good man. Both of you. Love this so much.
BTC is hope for sure. I’m hoping it wins and our slingshots are strong enough to take out Goliath’s eyes. Because he’s here.
Thank you man appreciate those words.
When fiat fails, Bitcoin wins.
I even convinced a few normie Western peeps to make BTC part of their portfolio. Anyone who understands the economy will invest in something that hedges against fiat, usually Bitcoin, gold, or both.
I am in the West & have done the same. The 2-10% portfolio hedge argument is solid. No more hand holding for me though. Educate and then up to them to act. Can’t stand the text “BTC down today, what’s up?”
💀
Can't stand it either! 😤 I show these fools this picture and they still say "Bitcoin's not doing well, huh?" 🙄
Buh Buh that’s not 8,000%😀
So it’s actually down when only up 64% in their eyes.
Because logic.
Everything's fine people!
I had no idea debt is that bad in the U.K. 👀 THAT IS AN ABSOLUTELY STAGGERING MUMBER TO SEE!!!
The UK national debt is fucking horrendous. The state keeps just growing and growing.
There's a very good doc about this if you're interested. It's from just after 2008 but applies just as much if not more today.
Even back then someone they spoke to, ex-CEO of Goldman Sachs I think, said interest rates cannot remain this low, it's unsustainable, everything will collapse.
Ireland is under banker attack and has already lost.
Max Keiser has some great info on this.
If you have a link, I would appreciate it. 😎
This is it. Apologies in advance for the potato resolution but couldn't find a better quality copy. It's must watch tho.
Long vid. Gonna listen to this at the gym. 👍
I’ve seen Idiocracy. It’s a documentary on my Netflix.
Yeah and you know what in a few generations it may become reality in the US.
But if we look at trends, average IQ's are higher and/or growing in many non-western countries. I think in an Idiocracy scenario smarter people end up running shit.