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> unlike FIAT. Actually, unlike any commodity or any currency with a physical representation. What makes other currency not traceable is the notes and coins, n
by gutnor 13y ago
> unlike FIAT.
Actually, unlike any commodity or any currency with a physical representation. What makes other currency not traceable is the notes and coins, not the fact that they are fiat or not.
side note: has "fiat" now become synonymous with non-crypto currency the same way hacker has become a swear word ?
- baddox 13y agoHe doesn't say that fiat is the only untraceable form of currency.
- Klinky 13y agoYes fiat has become a word of derision amongst the cryptocoin community, completely ignoring the fact that cryptocoins are essentially a form of fiat currency. Many crypto fans sidestep the fact that cryptos also don't have intrinsic value, and the networks aren't as a decentralized as one would think(handfuls of devs, early adopters, and pool and exchange operators hold a large sway over the networks and future of the coins).
- atmosx 13y agoI can't speak for others, but I have nothing against FIAT :-)