Post
Topic
Board Economics
Re: Fiat and cryptocurrency
by
Shenzou
on 14/07/2021, 21:18:19 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.


You have to take in consideration that fiat is easily controlled by governments and every price change in it is planned and they can easily create more of it whenever they want, and because how bitcoin and cryptocurrency was made to counter that whole concept and bring freedom of choice to the people and that is what government are afraid of and that is why they hate bitcoin and crypto, and that is why we see some countries banning it