this post was submitted on 27 Jul 2024
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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 4 months ago by aviation_hydrated@infosec.pub to c/asklemmy@lemmy.ml
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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?

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[โ€“] aviation_hydrated@infosec.pub 3 points 3 months 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