Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerSwapCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio TrackerOpen API24h ReportPress KitAPI Docs

Is Bitcoin a religion? Or is FIAT money?

bullish:

0

bearish:

0

Share
img

I have heard the accusation that support for bitcoin is a religious type belief. Lets compare the facts:

Religion:

Created by: early humans

Free market?: No, monopoly

Secured by: War, oppression, law

Value creation: Taxation, donations from believers

Underlying proof of worth: Belief in a higher power

Innovations: Global indoctrination

Bitcoin:

Created by: Satoshi Nakamoto

Free market?: Yes

Secured by: Mathematics

Value creation: Peer to peer trading

Underlying proof of worth: Blockchain

Innovations: Triple entry accounting, distributed ledger, programmatic money

Fiat:

Created by: China

Free market?: No, monopoly

Secured by: War, oppression, law

Value creation: Controlled by global elite using taxation

Underlying proof of worth: Belief in a higher power, IOUs, fractional reserves of gold

Innovations: Inflation, Enforces taxation

Therefore I conclude that FIAT money is more like religion than bitcoin is.

submitted by /u/allthingshorror
[link] [comments]
bullish:

0

bearish:

0

Share
Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.