Post
Topic
Board Bitcoin Discussion
Re: News at 11: BITCOIN IS FIAT MONEY TOO.
by
biascoin
on 19/03/2018, 03:32:49 UTC
Even if what you were saying is true, what's the point in playing semantics?

All people want to point at when comparing Bitcoin to fiat is that Bitcoin isn't controlled by any single entity, while fiat is, and the implications of such. I don't think the fine print matters; the definition could be the same in its purest sense (relying on trust, etc.), but the fact is that they work differently in real-world usage.

Nopes, you are confusing CONTROL with SUPPORT. Fiat is backed up by the Government/Country. Perhaps is controlled too and that we can argue but it is not necessarily a bad thing.

(Also well... with LN and all the miners and whales... I´d say there are a few players that control Bitcoin. Also I read most of the coins are owned by few individuals... but again, all that we can argue.)