Since i joined bitcointalk forum i find it difficult to make a post relating to bitcoin
If you feel difficult to make a post, please do reading or searching first.
bitcoin is like physical money (fiat), and i want to know the difference between fiat and bitcoin
Bitcoin is a digital or more precisely crypto currency. It is not a physical asset like fiat.
Main differences
- Bitcoin total supply is fixed (21M), fiat currency total supply is infinite, and hyper inflated.
- Nobody can seize your Bitcoin in your non custodial wallet but they can seize your fiat in bank accounts, ie.
- With Bitcoin, you have an asset. With fiat, you have liability, somewhat.
[1]
https://en.bitcoin.it/wiki/Controlled_supply[2]
https://www.lopp.net/bitcoin-information/recommended-wallets.html[3]
https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/without fiat existence can bitcoin have a name?
It's just a name so Bitcoin is Bitcoin, with or without fiat. It's there because satoshi created a blockchain, and name its currency is Bitcoin.
after thinking all this with seriousness i concluded that bitcoin and fiat works like brothers and sisters and no one can leave each other, so i want to know if any other digital currency can function without fiat?.
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