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I still use only BTC and the reason why I use it is not because it is so great technically, I just don't like fiat.

• infecto 4y ago
  BTC is fiat right?
  • Veen 4y ago
    No, fiat currencies are backed by states and central banks. BTC has some of the qualities of fiat currency—no commodity backing, etc—but it's not usually classified as one.
    • wonderwonder 4y ago
      If it's declared legal tender by government declaration or fiat, it's fiat currency. Btc is fiat currency in el Salvador
      • Veen 4y ago
        It's legal tender in El Salvador. Whether that makes it a fiat currency is a matter of definitions, so not really worth quibbling about.
        • wonderwonder 4y ago
          I'm not quibbling. It's fiat currency in El Salvador by any definition.
          • ashwagary 4y ago
            Fiat money is created by decree without effort. Bitcoin is not "fiat" no matter who adopts it.
  • hgsgm 4y ago
    It's decentralized fiat, so sort of hybrid between fiat and hard.
  • kylebenzle1 4y ago
    BTC (one version of "Bitcoin") is a digital ponzi scheme for morons controlled by the for profit companies Blockstream and Bitfinx. BCH, the original version of Bitcoin is a Peer-to-Peer Digital Cash network, a replacement of government "fiat" currency.
  • wonderwonder 4y ago
    It's fiat in a very limited number of countries. It's fungible.