this post was submitted on 22 Feb 2026
1261 points (97.1% liked)
Microblog Memes
10978 readers
2049 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
RULES:
- Your post must be a screen capture of a microblog-type post that includes the UI of the site it came from, preferably also including the avatar and username of the original poster. Including relevant comments made to the original post is encouraged.
- Your post, included comments, or your title/comment should include some kind of commentary or remark on the subject of the screen capture. Your title must include at least one word relevant to your post.
- You are encouraged to provide a link back to the source of your screen capture in the body of your post.
- Current politics and news are allowed, but discouraged. There MUST be some kind of human commentary/reaction included (either by the original poster or you). Just news articles or headlines will be deleted.
- Doctored posts/images and AI are allowed, but discouraged. You MUST indicate this in your post (even if you didn't originally know). If an image is found to be fabricated or edited in any way and it is not properly labeled, it will be deleted.
- Absolutely no NSFL content.
- Be nice. Don't take anything personally. Take political debates to the appropriate communities. Take personal disagreements & arguments to private messages.
- No advertising, brand promotion, or guerrilla marketing.
RELATED COMMUNITIES:
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
If the US dollar goes through hyperinflation and becomes worthless, people in the US won't switch to Bitcoin or other crypto as their main form of currency. We'll do exactly what citizens of every country that experiences such a currency crash does - start using other more stable currencies. You would see businesses start accepting a mix of Canadian dollar, Mexican pesos, Euros, and Yuan.
I've contemplated this myself, about competing currencies, and how that would leave the world if we had cheap and ubiquitous FX with little to no drag. Would it not cause a race to the bottom for inflation targeting, and lead to something similar to everyone using a fixed currency?
Why would I hold Canadian dollar or Pesos if their inflation target is 2% versus say the Swiss 1%? Is there enough new money supply for everyone to even attain the lowest inflation currency, or do they bid down the denomination as that countries FX value rises?
Because ultimately you (assuming you're in the US), have to pay your taxes in USD. People say that fiat currencies aren't backed by anything, but that isn't true. They're backed by the fact that every single US citizen and resident has to gather up thousands of dollars every year and pay them to the government. Even if you could convince your employer to pay you in Euros, the IRS will still demand you pay whatever taxes you would owe if you were paid in an equivalent amount of dollars.