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> 1. Bitcoin is no less a fiat currency than the U.S. dollar or Japanese yen. Depends on what you mean by "fiat currency", which tends to get used with a few d
by bunderbunder 13y ago
> 1. Bitcoin is no less a fiat currency than the U.S. dollar or Japanese yen.
Depends on what you mean by "fiat currency", which tends to get used with a few different (if related) meanings. One is "non-backed state-issued currency". Under that definition it isn't. Another is "currency with no intrinsic value". Under that definition it is.