52 years of Fiat is enough.
I think we can conclude that the experiment has failed.
Discussion
Did it tho?
Look around. Life is becoming unbearable for most people. Even those that considered themselves middle class struggle more every day. The Fed is technically insolvent. The US pays more interest on their debt than they spend on their military (which is by far the largest in the world). I think we will see the consequences of all this sooner than most people can imagine today.
Fiat is a tool for value extraction. It did exactly this.
The experiment would have failed if it was run by society and not by parasites pretending to represent society.
Fiat is the modern whip of slavery.
USD is an exception in terms of longevity of a world reserve currency. Mainly cause no other government or institution managed to hold world dominance for this long before. Their politics is getting ever more predatory and this obviously can’t go on forever. The end is near and it won’t be pretty for anyone, but the people who hold some bitcoin are much better positioned for what’s coming than those who don’t.
