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RE: Wells Fargo Bans Credit Card Buys, Binance Adding Euro, Volkswagen IOTA PoC, Ledger Adds New Coins
All fiat is debt so how does that make any sense?
All fiat is debt so how does that make any sense?
Very true! However, I refer to debt as something an individual needs tonoay back like credit cards. Fiat is an asset for the holder but a debt to the issuer like the US for USD. That is the context I meant...
Banks also are banning debit cards. Has nothing to do with "credit". More importantly fiat is no asset. Fiat is debt. If it were an asset it would be a stock (something which grows in value over time) or land. One of the worst mistakes in my opinion is to hold money in a bank expecting the value of that money to go up over time like an asset.