I did, and while they are using gold as a backing mechanism, that is a good thing. However, I suspect that will not last very long, and instead the individuals should hold the gold themselves and use that as a medium of exchange. If the currency has been lost 16 times, that clearly means the government is completely irresponsible.
Electronic fiat? Where we know how many exist and how many will exist and have to actually put in work to make more. “Fiat” means by decree And the only country that has declared any cryptocurrency as legal tender would be El Salvador.
Use monero. All government fiat will go this way. You cannot trust governments to make your money. 16 times ought to make this clear.
Read better.
I did, and while they are using gold as a backing mechanism, that is a good thing. However, I suspect that will not last very long, and instead the individuals should hold the gold themselves and use that as a medium of exchange. If the currency has been lost 16 times, that clearly means the government is completely irresponsible.
You might need to give it one more reading
Okay, what did I miss? I realized that I said 16 instead of 6 currency devaluations, but otherwise I don’t see what I’ve missed.
Sixth change in 16 years
(edited to add) …though to be fair even one or two is pretty bad. Poor people of Zimbabwe.
Yeah, i got my numbers turned around
“Don’t use government fiat, instead use ELECTRONIC fiat that’s easier to steal and impossible to reverse if stolen.”
Electronic fiat? Where we know how many exist and how many will exist and have to actually put in work to make more. “Fiat” means by decree And the only country that has declared any cryptocurrency as legal tender would be El Salvador.