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The Fiat Crisis
(
balajis.com
)
1 point
by
iamwil
on May 4, 2023
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2 comments
paulpauper
on May 5, 2023
[–]
Hs he considered the possibly that even in the event of financial crisis or hyperinflation, Bitcoin may still do badly? This was the case in 2022, when inflation and interest rates surged and Bitcoin lost 75% of its value.
bediger4000
on May 5, 2023
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parent
[–]
I wondered how he thinks all the infrastructure (basically the entire internet) would stay functional in a crisis so bad that fiat money is worthless.
Stuff shuts down in financial crises.
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