Quote from: fuguebtc on Today at 02:59:58 AM

Quote from: Cryptomiles1 on August 24, 2022, 09:57:40 PM

Quote from: 325btc on August 13, 2022, 08:16:42 PM

If so what about those countries that has bitcoin ATM machine, they withdraw and deposit through same machine. Can't we call it fiat?
Still physically spendable as fiat most of the restaurant, eatery and shopping mall accepted as means of exchange for goods and services so it can be considered as fiat

Bitcoin is the currency in those countries but it is definitely not fiat, fiat is created and controlled by the government, fiat can be printed by the government as much as it wants. But bitcoin is a digital currency, a new technology that is not controlled by any government and is managed by the entire community. Bitcoin is a currency, an investment. In short, it has all the conveniences that we need, it is like a versatile tool in our life.

Ty
Btw, I clearly understand what you but though since you explain that is only currency in those countries but not fiat which is true. To me is still spendable irrespective that can not be withdrawn or seen as Fiat it uses the same quality and same value which can be massured as normal fiat.