Message from @KaiserDoom
Discord ID: 690393139533447188
Which is why fiat works fine.
People sit on bit coin till it reaches peak value, then rapidly rush the trade to convert it to cash like a bank rush during the stock market crash
actually we knew value was given since the fucking greeks
Sure fiat is exploitable.
fuckers going blah blah value of currency I'm just trying to get a job
Joker become a trucker.
we switched to fiat so the FED could game our currency and keep printing money
But better it be manipulated by anyone than just manipulated by governments
What's to stop a nation from lying about their gold reserves.
Nothing.
audits
Audits?
it's better to have *more* gold
so you audit there gold
Who would be responsible for audits
IE independent people audit their supply
A third party?
Lol
We also switched to FIAT because a bunch of nations sold America their gold when they went to FIAT. Then, when the US wanted to renegotiate trade deals, they demanded some of the gold back. Which is why Nixon ended the gold standard fully.
That wouldn't work.
third party would naturally happen
Everyone would just lie
And pay off auditors.
fukin H-DooM
China
Like I said, you're just moving the problems around rather than solving them.
Fiat is fine
that pfp is omega gay
its not my fault the HDOOM imp looks hella cute
The main nations who wanted Gold from the US for trade deals were Spain, France, and Italy prior to Nixon ending gold standard.
@excursion12 (redha, richtginger) its big tiddy demon gurl u fuk tho
fiat enables government to pull the shit they're pulling now
they shouldn't be able to spend endless money
So?
Who says?
@Jokerfaic it's anime tho
Fiat's biggest issue is it lets you turn money into a weapon, in all actuality.


