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PRATHAM

Experimenting On lea... • 17h

Think Deeply and you will get to know that paper money will be worthless ( sooner or later ) hence, crypto and gold acts as a solution. btw this is AI generated!

Havish

. • 17h

Honestly even crypto is not backed by anything, and we can't use gold for payments (and neither any popular currency still follows the gold standard). So that way, we literally can't trust any currency if you think that way. All runs currencies literally just depends on trust. The government prints the money, the news channel says that it's a valid legal tender and webelieve that. But still as you too said, that fiat currency will too get worthless sooner or later. Thus at the end making Crypto a better option which again just runs of trust which inturn creates this whole paradox. Looks like it's again the time to get back to the barter system lol.

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PRATHAM

Experimenting On lea... • 16h

Crypto is a solution imo. Firstly, people assume Bitcoin isn't backed by anything which is somewhat true but bitcoin is Old and the only trustworthy crypto that can be exchanged P2P , It's limited like gold. However, it's not stable and initially even gold was unstable and people also thought it's not a good option for store of value but gradually it became. Maybe same for BTC as well. Let's see where it goes. Eventually, I would keep very minimal Fiat ( for just buying goods) and remaining all in assets ( which can be easily withdrawn ) btw you can use gold for payment using Crypto wrapped gold , example XAUT.

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