Peter St. Onge: "If you think Bitcoin is difficult to explain, try explaining how Fiat works" 🖨️💸

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1 year ago
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Peter St. Onge Inflation FIAT Rome Roman Empire Bitcoin BTC Hard Money Central Bank Federal Reserve Money

Peter St. Onge makes the point that Bitcoin is far more straightforward and easy to explain compared to Fiat where Central Bankers can change the rules at any time and modify the value and amount in circulation. The problem is people have grown up in a Fiat system and they cross reference everything they know about money against their experience with debt and monetary debasement they are told is required to run an economy. It isn't.

Inflation is needed by Bankers and Government to steal money from you outside of taxes without you noticing.

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