Private money will eventually replace fiat, government money. The reason is simple: Inflation (meaning currency devaluation) is a brand risk, and a private business would never be so foolish as to rip off customers via devaluation. It’s something about the desire for repeat business...
Conversely, governments have been devaluing for as long as they’ve been issuing money. The previous truth helps explain why cryptocurrencies and other private money forms have proliferated to begin with.
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