Altcoins Talks - Cryptocurrency Forum
Further Discussions => General Discussion => Topic started by: troll on October 23, 2017, 09:22:00 PM
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I wonder if money is not a bubble.
There are many economies in which money has a positive value in spite its market fundamental is zero.
That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
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I'm shocked by the bubble-like nature of fiat currency. Due to inflation, fiat money has lost its purchasing power. Moreover, fiat money lacks intrinsic value or usefulness in itself; its value is artificially sustained and could collapse if trust is lost.
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Fiat money is a type of government issued currency that is precious metal that is important because a country's own currency is used to conduct all operations of that country. Fiat money generally has no intrinsic value and no use value. It has value only because of those who use it as a unit of account. Fiat money is an alternative to commodity money which is a currency that has intrinsic value. But fiat money has no inherent power to raise prices in itself and is created by fixed measures.