Quote:
Originally Posted by druid66
https://en.wikipedia.org/wiki/Fiat_money
"Fiat money is a currency without intrinsic value established as money, often by government regulation. It has an assigned value only because the government uses its power to enforce the value of a fiat currency or because the exchanging parties agree to its value."
in my opinion crypto is still better because it cannot be printed.
always thought that US Fiat is based on petrol (hence name petrodollars) and i thoght US need constantly fight for it, starting wars to keep it flowing but still from what i read they print a lot additional dollars anyway.
now when it comes to crypto, there is no new war needed to keep it's value - people's demands are enough.
personally i believe we are taking closer step to cyberpunk i believe crypto is revolution and it becomes because something needed to be done with banking system which parasites on humanity.
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Yes that is definitive advantage of crypto, cannot be printed, cannot be directly manipulated (except by massive trading) . But dont know why is such a hate for banks - they are "banksters", but only if you allow them to fuck you, if you dont use their services which will fuck you then banks are quite fine.