Fear of FIAT collapse

I made a comment on a post in r/personalfinancecanada and the post was about someone asking if they should be saving in Canadian dollars with such high inflation.

All I said was how due to currency debasement and the problems with FIAT currency, one should not save in FIAT and only have 3-6 months of expenses in FIAT and invest the rest. I said how I think we have entered an inflationary period and it's going to get worse.

I never mentioned Bitcoin or suggested it and the amount of downvotes and backlash was very interesting. One guy checked my account and said "ah the average wisdom of a r/Bitcoin member" or something like that.

It was just very interesting to see people's defense toward FIAT and the amount of hatred towards Bitcoin. I guess they just have so much trust in the system that when someone says otherwise they get defensive.

We are so early



Submitted June 28, 2022 at 10:58PM by msamuelem https://ift.tt/7CVjYJI

Comments

Popular posts from this blog

No, Bitcoin is not controlled by a small group of investors and miners (A rebuttal to the TechSpot article)

Day 9: I will post this guide regularly until available solutions like SegWit, order batching, and Lightning payment channels are mass adopted, the mempool is empty once again, and tx fees are low. Have you done your part?