Post
Topic
Board Economics
Re: Fiat and cryptocurrency
by
dimox
on 24/05/2021, 14:10:01 UTC
Fiat and cryptocurrency are the same but people in society differentiate them and value fiat because its adopted by the government far back, and since the existence of the world and also a specific country, so from my research I find out that government just disliked cryptocurrency for nothing,
So differentiating fiat from bitcoin is valueless because irrespective the importance and massive adoption of fiat currency from  its existence before cryptocurrency, it's obvious that fiat is money and bitcoin is money, their functions and contribution in society never depart from each other, so bitcoin now is the shortest way of transactions across the world without much process or procedures, using bitcoin everything buyable is easier to purchase without stress, so from my perspective I prefer bitcoin than fiat currency due to fast transactions process across another country, and nothing fiat can purchase bitcoin can't purchase, so no difference between both because all are currency.



from society perspective, fiat is usable and easy than cryptocurrent. so, if crypto born first than fiat, people will have different thought about this situation, like how easy crypto than fiat. the problem is this thing can through barrier between times and technology. the ancient one, will have problem studying, and the technology will always run like no one need it.