Quote from: jseverson on March 19, 2018, 03:37:48 AM

Quote from: biascoin on March 19, 2018, 03:32:49 AM

Fiat is backed up by the Government/Country.

...while Bitcoin isn't. Again, that's basically what everyone is trying to get at when comparing the two of them. I'm not commenting on whether that's good or bad, or even if your definition is correct.

All I want to know is whether there is a point in playing with the semantics.

It is both good and bad in my opinion. It is good because this is one of reasons behind the huge growth in prices over the last few years and also behind common people being able to make good returns with this investment option. If it was controlled by governments, rich and powerful were the ones benefiting the most from this.

It is bad because it results in some manipulation as well. This is also being done by group of wealthy people and only government has the required resources and power to stop this.