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Crypto currency is fiat currency... Prove me wrong
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[quote:mr dull socks:MV80NzA4MTk1Xzg1NzE3MzMwX0JDQUVFREZC] [quote:BLACK GHOST:MV80NzA4MTk1Xzg1NzE3MjA5X0VGOUQ2Q0FC] Crypto is a new asset class, unrelated to any other. It is NOT fiat. Fiat is just money that the powers that be force you to use. Crypto is not controlled by the government. It's supply is fixed, so no inflation. [/quote] it is a novelty based on a valuable technology (blockchain) [/quote]
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Fiat money is any money that is accepted by a government for paying taxes or debt, but is not pegged to or backed directly by gold and other valuables. Fiat money does not have significant intrinsic value or use value. Wikipedia
Plus quantum computing will break the sha256 algorithm encryption soon enough.
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