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Crypto currency is fiat currency... Prove me wrong

 
Anonymous Coward
User ID: 79565603
United States
02/13/2021 08:18 PM
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Re: Crypto currency is fiat currency... Prove me wrong
I bought my home and a car with bitcoins, fiat that.
Anonymous Coward
User ID: 79498419
United States
02/13/2021 08:21 PM
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Re: Crypto currency is fiat currency... Prove me wrong
Levantine logic.
Anonymous Coward
User ID: 80048483
United States
02/13/2021 08:31 PM
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Re: Crypto currency is fiat currency... Prove me wrong
Sorry OP. Cant prove you wrong here. Heres 5* as an apology for my run and gun bump.
Anonymous Coward
User ID: 50381272
United States
02/14/2021 08:49 AM
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Re: Crypto currency is fiat currency... Prove me wrong
OP definition of FIAT is wrong up front.
Shadow Dance

User ID: 59490123
United States
02/14/2021 10:19 AM

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Re: Crypto currency is fiat currency... Prove me wrong
just remember ... easy come - easy go
Looking Around  (OP)

User ID: 79821353
United States
02/14/2021 12:54 PM

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Re: Crypto currency is fiat currency... Prove me wrong
just remember ... easy come - easy go
 Quoting: Shadow Dance


Only a Rothschild backed up crypto would succeed
I have been on GLP long time. I'm old and young.. .
Looking Around  (OP)

User ID: 79821353
United States
02/16/2021 07:24 PM

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Re: Crypto currency is fiat currency... Prove me wrong
bump
I have been on GLP long time. I'm old and young.. .
Anonymous Coward
User ID: 1166982
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02/16/2021 07:28 PM
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Re: Crypto currency is fiat currency... Prove me wrong
hesright
Looking Around  (OP)

User ID: 79821353
United States
02/20/2021 11:59 AM

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Re: Crypto currency is fiat currency... Prove me wrong
I was right Elon is smart.
I have been on GLP long time. I'm old and young.. .
Looking Around  (OP)

User ID: 79821353
United States
02/20/2021 11:59 AM

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Re: Crypto currency is fiat currency... Prove me wrong
pine
I have been on GLP long time. I'm old and young.. .
Anonymous Coward
User ID: 72074437
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02/20/2021 12:07 PM
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Re: Crypto currency is fiat currency... Prove me wrong
Imagine using bitcoin to pay for everything.
You forgot the tax (currently $24 avg.) [link to ycharts.com (secure)] or send with no fee and hope it goes thru sometime in the next who knows.
Looking Around  (OP)

User ID: 79821353
United States
02/20/2021 12:14 PM

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Re: Crypto currency is fiat currency... Prove me wrong
Imagine using bitcoin to pay for everything.
You forgot the tax (currently $24 avg.) [link to ycharts.com (secure)] or send with no fee and hope it goes thru sometime in the next who knows.
 Quoting: Anonymous Coward 72074437


gross.
I have been on GLP long time. I'm old and young.. .
Looking Around  (OP)

User ID: 79821353
United States
02/20/2021 01:00 PM

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Re: Crypto currency is fiat currency... Prove me wrong
:money:
I have been on GLP long time. I'm old and young.. .
Anonymous Coward
User ID: 65942580
United States
02/20/2021 01:06 PM
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Re: Crypto currency is fiat currency... Prove me wrong
Crypto is a new asset class, unrelated to any other.

It is NOT fiat. Fiat is just money that the powers that be force you to use.

Crypto is not controlled by the government.

It's supply is fixed, so no inflation.
 Quoting: BLACK GHOST


asset. I guess, as long as someone accepts it for value. I mean, does a loaf of bread have value, well if no one else wants it you can eat it. gold and silver, if no one wants that not much you can do with it. certain people can use it. crypto has no use.
Looking Around  (OP)

User ID: 79821353
United States
02/20/2021 01:11 PM

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Re: Crypto currency is fiat currency... Prove me wrong
Crypto is a new asset class, unrelated to any other.

It is NOT fiat. Fiat is just money that the powers that be force you to use.

Crypto is not controlled by the government.

It's supply is fixed, so no inflation.
 Quoting: BLACK GHOST


asset. I guess, as long as someone accepts it for value. I mean, does a loaf of bread have value, well if no one else wants it you can eat it. gold and silver, if no one wants that not much you can do with it. certain people can use it. crypto has no use.
 Quoting: Anonymous Coward 65942580






totally correct. look up the tulip crisis trade inflation from hundreds of years ago.
I have been on GLP long time. I'm old and young.. .
Anonymous Coward
User ID: 78349802
United States
02/20/2021 01:12 PM
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Re: Crypto currency is fiat currency... Prove me wrong
Crypto is a new asset class, unrelated to any other.

It is NOT fiat. Fiat is just money that the powers that be force you to use.

Crypto is not controlled by the government.

It's supply is fixed, so no inflation.
 Quoting: BLACK GHOST


asset. I guess, as long as someone accepts it for value. I mean, does a loaf of bread have value, well if no one else wants it you can eat it. gold and silver, if no one wants that not much you can do with it. certain people can use it. crypto has no use.
 Quoting: Anonymous Coward 65942580


But it does! It creates bag holders! Observe.
Anonymous Coward
User ID: 74434098
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02/20/2021 01:15 PM
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Re: Crypto currency is fiat currency... Prove me wrong
Fiat is unlimited. Crypto is limited. Both can be manipulated. Prove me wrong!
Looking Around  (OP)

User ID: 79821353
United States
02/21/2021 09:53 AM

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Re: Crypto currency is fiat currency... Prove me wrong
bump
I have been on GLP long time. I'm old and young.. .
Looking Around  (OP)

User ID: 79821353
United States
02/21/2021 01:59 PM

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Re: Crypto currency is fiat currency... Prove me wrong
hiding
I have been on GLP long time. I'm old and young.. .
Anonymous Coward
User ID: 57897053
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02/21/2021 02:01 PM
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Re: Crypto currency is fiat currency... Prove me wrong
it is, but it does not matter
money is whatever people agree upon
Johnny Balls

User ID: 80065821
Canada
02/21/2021 02:12 PM
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Re: Crypto currency is fiat currency... Prove me wrong
Fiat money is any money that is accepted by a government for paying taxes or debt, but is not pegged to or backed directly by gold and other valuables. Fiat money does not have significant intrinsic value or use value. Wikipedia

Plus quantum computing will break the sha256 algorithm encryption soon enough.
 Quoting: Looking Around


Crypto is finite. Fiat is bottomless.
Jack Eye
Xhekaj
Johnny Balls

User ID: 80065821
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02/21/2021 02:13 PM
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Re: Crypto currency is fiat currency... Prove me wrong
Fiat is unlimited. Crypto is limited. Both can be manipulated. Prove me wrong!
 Quoting: Anonymous Coward 74434098


True but with wider adoption of crypto manipulation is lessened. Fiat is always going to be manipulated.
Jack Eye
Xhekaj
Anonymous Coward
User ID: 72515546
United States
02/21/2021 02:20 PM
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Re: Crypto currency is fiat currency... Prove me wrong
Blockchain is the FUTURE!
 Quoting: Anonymous Coward 79742322


Why because you think you can get free money from your computer?
Anonymous Coward
User ID: 80074696
02/21/2021 02:21 PM
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Re: Crypto currency is fiat currency... Prove me wrong
Crypto is a new asset class, unrelated to any other.

It is NOT fiat. Fiat is just money that the powers that be force you to use.

Crypto is not controlled by the government.

It's supply is fixed, so no inflation.
 Quoting: BLACK GHOST


Don't forget your capital gains tax this year, they know what you have, who you got it from, how much you paid for it, what you spent it on and how much you made off it.
Anonymous Coward
User ID: 79440185
Netherlands
02/21/2021 02:40 PM
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Re: Crypto currency is fiat currency... Prove me wrong
Fiat money is any money that is accepted by a government for paying taxes or debt, but is not pegged to or backed directly by gold and other valuables. Fiat money does not have significant intrinsic value or use value. Wikipedia

Plus quantum computing will break the sha256 algorithm encryption soon enough.
 Quoting: Looking Around


It depends what the crypto is pegged to.
If it is pegged to fiat currency then it's another form of fiat currency.
There are many different types of crypto with various value bases.
Anonymous Coward
User ID: 78349802
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02/21/2021 02:55 PM
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Re: Crypto currency is fiat currency... Prove me wrong
Blockchain is the FUTURE!
 Quoting: Anonymous Coward 79742322


Why because you think you can get free money from your computer?
 Quoting: Anonymous Coward 72515546


Can I get a bingo?

Most of these nasty ass people are nothing more than freeloaders.
Anonymous Coward
User ID: 79438467
United States
02/21/2021 03:08 PM
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Re: Crypto currency is fiat currency... Prove me wrong
Fiat money is any money that is accepted by a government for paying taxes or debt, but is not pegged to or backed directly by gold and other valuables. Fiat money does not have significant intrinsic value or use value. Wikipedia

Plus quantum computing will break the sha256 algorithm encryption soon enough.
 Quoting: Looking Around


Ponzoi scheme. Real money is based on an asset with tangible value.

Crypto is just a trading instrument for institutionalized gambling purposes. They are not practical currencies. Just the wild daily value changes make them impractical as currencies.
Anonymous Coward
User ID: 14481951
Australia
02/21/2021 03:15 PM
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Re: Crypto currency is fiat currency... Prove me wrong
its not currency, the value goes up and down wildly. nobody would be happy with currency that behaves like that
Anonymous Coward
User ID: 78349802
United States
02/21/2021 03:18 PM
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Re: Crypto currency is fiat currency... Prove me wrong
I bought my home and a car with bitcoins, fiat that.
 Quoting: Anonymous Coward 79565603


Liar.
Anonymous Coward
User ID: 78349802
United States
02/21/2021 03:20 PM
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Re: Crypto currency is fiat currency... Prove me wrong
It's going to be funny when nations around the world get tired of having it around and block any conversion to their currency or any hard assets.





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