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I'd just like to gripe a bit about the use of "fiat currency" as an antonym of "cryptocurrency". Bitcoin may not be similar in all respects to typical governmen

I'd just like to gripe a bit about the use of "fiat currency" as an antonym of "cryptocurrency". Bitcoin may not be similar in all respects to typical government-issued money, but it is far more similar to fiat currency than to hard currency: its supply is artificially controlled, and Bitcoin itself has no intrinsic value. Bitcoin is administered by a de facto government in the form of the miners that run the network. That this government does not have a direct correlation to a UN-recognized nation-state does not make Bitcoin any less artificial or more real.

stephen_g 9y ago
Bitcoin isn't like real money though. Take the US dollar - whatever happens, something like 300 million people and tens of millions of companies will still need to pay taxes in that currency. That's a big baseline demand, before you even consider the goods and services available in the economy that can be bought with US dollars. Whereas everybody trading bitcoin or accepting it as a payment method could switch to a different cryptocurrency tomorrow...