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Nearly all of those things apply to all currencies. Would that it were true that fiat wasn't used in extortion or manipulated by anybody. Wouldn't that be great
by mimixco 5y ago
Nearly all of those things apply to all currencies. Would that it were true that fiat wasn't used in extortion or manipulated by anybody. Wouldn't that be great.
Explain, please, why Bitcoin needs fiat? If two people exchange goods or services for Bitcoin, where is the fiat? If you get your Bitcoin and I get my Ferrari, isn't the transaction completed?
- ohiovr 5y agoIt is 12 years after the bitcoin inception date. No one in my small insignificant town uses it for anything. There are hundreds of thousands of insignificant towns like mine. But if you can convert bitcoin to fiat, you can buy something.
- mimixco 5y agoPerhaps small towns are not the best use case. It certainly is possible to buy things without fiat using it, though.