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Gold is worth $8tn globally Drawing comparisons between gold and a fiat currency (BTC) is completely confusing.
by matchagaucho 9y ago
Gold is worth $8tn globally
Drawing comparisons between gold and a fiat currency (BTC) is completely confusing.
- Mtinie 9y ago“Fiat” usually implies something different from the way you are using it. No government has issued Bitcoin via fiat, there are no treasuries or armies backing it. Gold is a tangible commodity. I’ve been in the cryptoasset space for a while and I’m still not exactly sure how to cleanly classify it.