3 ms·

I really don’t get your distinction between fiat and crypto

• drdeca 5y ago
  fiat here means (roughly) government issued, I think
  • baby 5y ago
    that's the correct distinction, but the poster I was replying to was trying to make some arbitrary distinction.
    • drdeca 5y ago
      I don't follow? They are saying that in order to run a business in which one sells goods or services for cryptocoins, that in order to pay for one's business costs, one must spend fiat, and that therefore, someone selling goods for cryptocoins, must, in addition to using cryptocoins, also use fiat currencies (because most of their business expenses can only be paid in fiat currencies).