10 sats \ 1 reply \ @0xbitcoiner 5h \ on: Falling down the Bitcoin rabbit hole. bitcoin
Thanks in advance for sharing. I'm sure it will help others not to fall into the web of the financial system. I remember well that time when many people used the Swiss franc as an anchor, I think at that time the exchange rate was favorable, and fixed, right? I'm sorry to hear about your parents' losses caused by the financial system. I have to say that the problem is not only the system but also the people who advise (for their own benefit) other people who often have little knowledge of finance. I know many who blindly trust their bank account managers, a huge mistake!
Well, yea the SNB tried to peg it to the Euro to boost exports to the Euro Zone and interest rates and thus payments were a lot cheaper back then in Suisse.
Indeed, the entire fiat system is based on false incentives, and needs to be fixed ASAP
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