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RE: Demonetizing Money

in #busy6 years ago

I agree with just about everything in this post, except the idea that our monetary trust comes from belief in the government. It seems to me that most people trust fiat because other people trust fiat. They grew up in a world where people use it, so they use it, and they never even question where it comes from or why we use it.

I think step one for crypto is getting it into the hands of as many people as possible. Step two will be more online merchants taking notice and allowing people to spend crypto. Step three is that there's hardly anyone left using cash because everyone has some crypto and it's accepted everywhere.

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