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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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I have Uncle Intel On CRYTPO
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Poster Handle
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Anonymous Coward |
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Post Content
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Not going to happen.
They'll try. But its the end for fiat and no amount of deck-chair-rearranging is going to change that.
Quoting: Anonymous Coward 80076762 bitcoin is fiat. Fiat means "by decree", i.e. the USD is worth this because I say it is. BTC and other proof of work currencies (the best of which currently is DASH) are backed not by what you say, but by the energy expended to create their blocks and issue rewards.
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