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I know it might be difficult to lower your IQ this much but I am exposed to many liberals all the time and I swear this is the case.

When people have a low IQ, they can't grasp abstract concepts, especially when it comes to money and how it works.

They don't understand the difference between gold backed currency vs fiat. Or how increased prices are not always inflation.

They also think that bitcoin is "insert defamation label here" cause it doesn't exist. as if fiat represents something more tangible.

And that is the difference, a dollar is something they can touch, so they trust it. In order for crypto to really be adopted by the masses voluntarily, it will need to be tied to a physical something somehow. Whether thats another countries currency, a credit card type thing, or whatever. But there must be some way for someone to hand it to another person and say this has x satoshi's on it, or this is x satoshi.

I know it might be difficult to lower your IQ this much but I am exposed to many liberals all the time and I swear this is the case. When people have a low IQ, they can't grasp abstract concepts, especially when it comes to money and how it works. They don't understand the difference between gold backed currency vs fiat. Or how increased prices are not always inflation. They also think that bitcoin is "insert defamation label here" cause it doesn't exist. as if fiat represents something more tangible. And that is the difference, a dollar is something they can touch, so they trust it. In order for crypto to really be adopted by the masses voluntarily, it will need to be tied to a physical something somehow. Whether thats another countries currency, a credit card type thing, or whatever. But there must be some way for someone to hand it to another person and say this has x satoshi's on it, or this is x satoshi.

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[–] [deleted] • 0 pt

They don't understand the difference between gold backed currency vs fiat

It's simple, gold is priced based on it's scarcity and intrinsic value (as used in products). Fiat currency is created as debt. That is why the national debt exploded with all the stimulus BS. Every time someone takes a loan out on something money comes into existence.

The only problem with fiat money is the Jew bastards and all their buddies rig the system by skimming the pot behind the scenes. If the Fed, SEC and other regulatory bodies did their job, everyone would benefit, but I don't see that ever happening.

[–] • 1 pt

yes I know. But the problem is that if you explain the current USD fiat system to an NPC they will agree with everything you just said, agree it's rigged, and then say we should still have some form of universal basic income to help poor people.

the normal NPC person doesn't understand or trust something they can't touch. Or feel like they can't touch.