Fiat doesn't work on a finite planet. Crypto has failed on its goals. What is a better way to be economically secure? (infosec.pub)

submitted 1 month ago by aviation_hydrated@infosec.pub to c/asklemmy@lemmy.ml

108 comments fedilink hide all child comments

Assuming the title to be accurate, what is a good way for the working class (90%+ of all humans) to save and succeed in this current environment?

you are viewing a single comment's thread
view the rest of the comments

[-] davel@lemmy.ml 71 points 1 month ago

Fiat doesn’t work on a finite planet.

Citations needed.

[-] SuckMyWang@lemmy.world 1 points 1 month ago

I’m unsure of what a finite planet is referencing? Is op suggesting that economic limits are constrained to finite resources? This doesn’t take into account renewables, human creativity and a whole list of other things. If we create a matrix like environment where the limits can be expanded and create new products in that new environment we can still use fiat.

[-] aviation_hydrated@infosec.pub 3 points 1 month ago

I think we need more restrictions on finances, so our human creativity can effect. What I see is that most advanced civilizations' largest export is literal trash due to excess and waste, so I figured why not have a discussion about it

Also, every fiat currency has failed in the two ways it can: hyperinflation or clout loss due to no trust in the issuing party (which tends to lead to hyperinflation). Innovation has stalled or at least hit the top of the S curve over the last 50 years, with mostly remixes of old ideas that tend to expedite the finite resources we have, so I don't think technology will outpace inflation

load more comments (2 replies)

load more comments (3 replies)

this post was submitted on 27 Jul 2024

19 points (59.6% liked)

Asklemmy

43394 readers

1442 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS