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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.
by 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 agoI'm not quibbling. It's fiat currency in El Salvador by any definition.
- ashwagary 4y agoFiat money is created by decree without effort. Bitcoin is not "fiat" no matter who adopts it.