- Category: Current State Of The Matirx
- Published: Tuesday, 31 January 2017 12:03
- Written by akoben adinkrahene
- Hits: 111
The Question: Is bit coin fiat currency?
Bitcoin is precisely NOT fiat. Fiat means "by decree" as in govt decree. It is not created by govt. This is the best thing about BTC. And StClair is a good man but very old school. Computers are not his thing. BTC is the evolution of cryptography... a science that is centuries old. It works.
It's not government decree but anyone can make a decree! So bitcoin is decreed by the unknown? At lease if its government decree you know where the BS is coming from! So by your definition it is fiat.