Fiat money is just promises (loans) that are paid with more promises that are paid with more promises and so on. These promises never get redeemed, which means they create money every time a credit is issued, and therefore there is always inflation. They try to control this inflation by adjusting the amount of economy expansion with the interests charged on the promises, but the truth is that this has the incredible side effect to exponentially create higher and higher bubbles in cycles until the final one, which gets totally out of control, and destroys the country. It has happened all the time with smaller countries, and the only reason it is not happening so hard with bigger ones is because risk is reduced by transferring it from weaker to stronger fiat currencies. But eventually, the big wave will come to the big ones, and then there is not only those big countries which will get destroyed, but almost the whole of the global economy.

I believe this will happen between 2030 and 2045, and it will be the end of the fiat world as we know it, and of course, the emerge of Bitcoin as the global currency.

It is our task to educate people into this warning: never let them transform Bitcoin into a pseudo-fiat by allowing fractional reserve and promises over it, or Bitcoin will just end the same way fiat always ends.