Post
Topic
Board Altcoin Discussion
Re: Alt coins vs. fiat currency
by
Ngewex Yuk
on 11/07/2018, 03:05:11 UTC
For me Fiat currency. Fiat currency is currency which only has value through legal declaration. It does not have a promise from its creator of exchangability  into some commodity of real value,example:- Gold ,Silver etc. Fiat currency are basically the Dollars, Euros, Pounds etc. that you spend. They are also known as the paper money.
Fiat currency is certainly safer even though the value of fiat continues to decline due to inflation but the total protection of the country makes the fiat last forever, but when the crypto trend is popular then we must invest on crypto to make money increase.