Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees
by
Bitbobb
on 05/11/2017, 20:09:39 UTC

.1 bch for the first correct answer.  

Which of the two choices below more aptly fits the definition of the word "Fiat"

1) Federal Reserve Notes?

2) United States Notes?


United States Notes
17gpqvfG51N3KRDhE3L5cy2wYBbfb4ME9u

Winner  ^^^

 a Fed note is not fiat. You can grab a current asset report any time by plugging Fed Asset Report Current into a search engine. link: https://www.federalreserve.gov/data/intlsumm/current.htm Albeit SDR's play a major role in securing the value of a dollar, that is a confidence and security building measure..

The captured mind.

The value of a US note, being completely fiat, is determined by who is willing to buy or otherwise accept it for goods and services.