Crypto currency is fiat currency... Prove me wrong | |
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Shadow Dance
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Anonymous Coward User ID: 72074437 United States 02/20/2021 12:07 PM Report Abusive Post Report Copyright Violation | 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. |
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(OP) User ID: 79821353 United States 02/20/2021 12:14 PM Report Abusive Post Report Copyright Violation | Imagine using bitcoin to pay for everything. Quoting: Anonymous Coward 72074437 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. gross. I have been on GLP long time. I'm old and young.. . |
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Anonymous Coward User ID: 65942580 United States 02/20/2021 01:06 PM Report Abusive Post Report Copyright Violation | Crypto is a new asset class, unrelated to any other. Quoting: BLACK GHOST 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. 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. |
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(OP) User ID: 79821353 United States 02/20/2021 01:11 PM Report Abusive Post Report Copyright Violation | Crypto is a new asset class, unrelated to any other. Quoting: BLACK GHOST 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. 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. 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 Report Abusive Post Report Copyright Violation | Crypto is a new asset class, unrelated to any other. Quoting: BLACK GHOST 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. 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. But it does! It creates bag holders! Observe. |
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Johnny Balls
User ID: 80065821 Canada 02/21/2021 02:12 PM Report Abusive Post Report Copyright Violation | 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 Quoting: Looking Around Plus quantum computing will break the sha256 algorithm encryption soon enough. Crypto is finite. Fiat is bottomless. Jack Eye Xhekaj |
Johnny Balls
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Anonymous Coward User ID: 80074696 02/21/2021 02:21 PM Report Abusive Post Report Copyright Violation | Crypto is a new asset class, unrelated to any other. Quoting: BLACK GHOST 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. 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 Report Abusive Post Report Copyright Violation | 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 Quoting: Looking Around Plus quantum computing will break the sha256 algorithm encryption soon enough. 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. |
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Anonymous Coward User ID: 79438467 United States 02/21/2021 03:08 PM Report Abusive Post Report Copyright Violation | 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 Quoting: Looking Around Plus quantum computing will break the sha256 algorithm encryption soon enough. 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. |
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