fiat

In the US I heard we are at 27 per cent default rate. Looks like Great Britain has us beat. A generation of recent college graduates are struggling to strike out on their own, burdened by a $1.4 trillion pile of debt that is ineligible to be erased by the tonic of bankruptcy protection.

Those that are apposed to cryptos should remember that our current dollar system is basically based on ones and zeroes too. And then there's fractional reserve banking which bitcoin and others are not exposed to.