Post
Topic
Board Bitcoin Discussion
Re: Bitcoin = Fiat
by
FlightyPouch
on 23/11/2017, 09:09:14 UTC
The Bitcoin followers keep saying the Bitcoin is a new currency.

If that is the case then by definition it is fiat.

When it is fiat, then we will see inflation and breaking the 21million limit.

I think they are just saying that it is the new currency because it is becoming popular and widely accepted in some countries. Bitcoin is not really a currency but a digital currency in which it is decentralize and volatile.

Bitcoin is used in some payments and others, if you search the meaning of currency it is a currency that is being used in a country as a their main means of payment and not only that, currency also means that it is accepted or being used. Bitcoin is not a main currency of one country but it is accepted as such.