In your opinion, what does this blog need more of?

Wednesday, December 9, 2015

"Fiat" currency: here's an insight for you


US dollars aren't fiat currency.

They're not because you can use them to pay your taxes. Therefore they have intrinsic value.

Bitcoin, however, is only worth what people will pay for it, and you can't use it to pay taxes. Therefore bitcoin is fiat currency.


No comments:

Post a Comment