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What is Fiat in the World of CryptoCurrency?
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[QUOTE="Alexandoy, post: 209688, member: 25510"] When you say fiat money that is the legal tender that is recognized as the pecuniary measure of the country. You buy goods and pay in fiat because the value of the goods are measured in terms of real money. You cannot use crypto as the currency because the value largely depends on the market behavior. When there is demand then the value increases and when there is an over supply in the market the value decreases. With real money the value is fixed even if the inflation can affect the value of the real money. However, the real money is still fixed in value because the inflation causes the prices of goods to rise. In other words, the exchange using the real money is not really affected at all. I hope this clears the vague notion that someday the crypto coin will be the currency of a country. [/QUOTE]
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What is Fiat in the World of CryptoCurrency?
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