Post
Topic
Board Economics
Re: Fiat and cryptocurrency
by
youdacapt
on 03/02/2021, 09:03:35 UTC
Fiat and cryptocurrency are the same   

To begin with; i will like to inform you that fiats and crypto currency are not the same; they obviously can be used to serve the same purpose; but they are not the same. I say this because fiat in cash or your bank account adds little to zero value if kept for a while or if converted to a higher currency for international trade. Meanwhile; crypto currency is a lifestyle where you can get profits or losses; wealth or rekt;

nothing fiat can purchase bitcoin can't purchase, so no difference between both because all are currency.

Bitcoin cannot be used to purchase everything; because locally, fiats is more accepted throughout the world; meanwhile if you are a digital worker; trader etc; you can ofcourse get reward and payment in bitcoin. Both bitcoin and fiat are currencies; serving different diverse importance to the world