Bitcoin vs Traditional Fiat Currency ... - The Money Mongers
Bitcoin vs Traditional Fiat Currency ... - The Money Mongers
Is Bitcoin a Fiat Currency? Why? or Why Not? Cryptalker
Bitcoin & The Tragedy Of Monopolized Fiat Money Roche Grup
Bitcoin as a Competitor for Fiat Money Publish your ...
Top 5 Bitcoin/Cryptocurrency Exchanges supporting Fiat ...
We are living on Bitcoin
It's a specialized sub for hardcore Bitcoin enthusiasts who are avoiding to own/use fiat money. In our everyday life we are using the real money - Bitcoin. For a more general sub about Bitcoin, see /Bitcoin/ and /BitcoinBeginners/
Rya is a crypto designed to function as a stable, scalable and decentralized medium of exchange. By using a smart money supply solution based on p2p loans, the price of money will always be appropriate for the state of the economy.
TIL: Usury is the common link between Bitcoin, Fiat money, and Gold. All currencies enslave 99% of the human race with debt. If you lend out 21 million Bitcoins at 1.1% interest, where does the rest come from?
Could Bitcoin practically replace the fiat money of one single country? Mental experiment
Lets take for example some compact, advanced, developed country, economy of which mostly relies on services(non industrial, non manufacture & etc, like retail, insurance, banking and small businesses peope2people) that would be Baltic country ESTONIA. So imagine that we are reform Ministry of Finances(or whatever it called in there) and Central Bank(if one does exist beside EU Central Bank), replace Euro with Bitcoin, complete liberalization of the market, no regulations from any department what so ever(usually Central Bank supports national currency one way or another), meaning that the only official currency in whole country is Bitcoin, people pay taxes in it, uses as a daily coffee payment method and fill up their cars for BTC(We don't talk about either it should or shouldn't be in a mempool here). Would that be a sustainable self-relying system at all? What flaws do you see except volatile price of BTC(though all the prices gonna be in BTC, so regular citizen could not bother and by his regular groceries for 0,004887108 BTC everyday).
Was the statement -give me control of a nation's money and I care not who makes the laws- reputedly by Mayer Amschel R., abstractly meant for a post-fiat era in which Bitcoin would become the standard form of currency?
Gold requires as much trust as fiat in order to function. Bitcoin is the first money in 5000 years that does not require trust in any company, authority, or government to function.
For gold to work as money you need at least one of the following: 1) An authority to make it fungible by coining it into equal weights and sizes (historically this was done by governments). 2) A government to store your gold and issue paper certificates you can trade with. 3) A centralised company to store your gold and issue digital tokens or credits you can trade with. For bitcoin to work as money all you need is software.
Money talks, and bitcoin is better money than fiat.
Imagine your home country wherever that is.. Then imagine them seeing a friendly foreign country full of ultra high net worth individuals. Your country wants that tourism and investment and financial injection. Now what if those wealthy foreign high net worth individuals were all bitcoiners. Your country would absolutely start accepting bitcoin for visa, residency and investment purposes because that would be the path of least resistance to attracting what they need. During this next bitcoin bull market countries far and wide will start accepting bitcoin in order to attract all of that new found bitcoin wealth. Money talks and bullshit takes the bus!
'Fiat and Money Printing' Street Mural Earns $500 in Bitcoin Donations in Five Days A Parisian street artist is receiving hundreds of dollars every day in bitcoin donations from his painting that ... Fiat money gives governments much more flexibility when it comes to expanding or restricting the supply of the currency. However, fiat currencies are generally less stable than currencies backed by commodities and can be affected by hyperinflation (a drastic rise in prices/devaluation of the currency) in extreme cases. Many cryptocurrency advocates say that Bitcoin can provide a better ... Before delving into the top 5 fiat-to-crypto exchanges, it is important to know what a crypto exchange is. What is a Cryptocurrency Exchange? A crypto exchange is an online website that provides a platform for the buying, selling, or exchange of cryptocurrencies like bitcoin, ether, and litecoin for fiat money like USD, EUR, and GBP. Types of Cryptocurrency Exchanges . There are basically ... While Bitcoin is based on a relative new concept and there are numerous consequences that follow from it, that are surely worth to be examined in an academic manner, the ultimate question regarding Bitcoin is: will it prevail in competition and be able to establish itself as a new money or will it ultimately fail to challenge the domination of fiat money? This thesis aims to answer the ... Fiat money vs bitcoin . Despite being the most used means of payment in the modern world, fiat money has its problems. The lack of intrinsic value, alongside its strong dependence on a central issuer - state, leads to a number of problems. The unlimited supply of fiat money makes it easier to develop economic bubbles. Political mistakes of the government strongly damage not only the country ...
Shout out to Ioni Appleberg for making this video! https://www.youtube.com/channel/UCbs8XRzTUtCx11kw47auk5Q https://twitter.com/ioniappelberg Based on this a... In this video we compare the traits of money between Bitcoin, Gold, and Fiat. If you watched my previous video talking about "What is Money and How Does it W... Erik Voorhees explains why bitcoin is much better than fiat money. Tutorial For Buying Cryptocurrencies: https://www.youtube.com/watch?v=l8HlQpJKKDQ Upgrade ... Can Bitcoin / cryptocurrencies replace the US dollar / US government and fiat currencies? Can Bitcoin be the revolution that takes down the fraud that is cen... The proposition was: "Bitcoin, or a similar form of cryptocurrency, will eventually replace government's fiat money as the preferred medium of exchange." It was an Oxford-style debate in which the ...