How, then, is the fiat US dollar not a scam.
After the gold standard was abandoned it was backed by the "full faith and credit of the U.S. federal government," but that was before the U.S. government went feral.
The fiat dollar is a scam but it’s here and it works for the moment
My problem with bitcoin is it represents a previously consumed value of power used to generate it
In other words … it’s a “scam” if you think it holds value, but it’s a perfectly good medium of exchange for current transactions.
I would point out that if you see the U.S. dollar this way, your best strategy is to build lots of dollar-denominated debt while investing in assets that are most likely to retain value over time no matter what happens to the value of the dollar.
It is, but you can't do anything about it.
They'll put you in jail if you try to work around it.
The US dollar is a scam. When it was backed by gold it had an intrinsic value. I am not sure if it ever was actually backed by gold but it was perceived to be. After they made it into the Federal Reserve it became a scam which rich people use to protect and increase their wealth. Unfortunately we the people don’t have the ability to function outside of their system.