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Topic: [2015-27-10] Fiat Currency Vs Digital Currency (Read 306 times)

legendary
Activity: 1862
Merit: 1004
October 27, 2015, 11:14:17 AM
#3

Not the best article I've seen, but I guess it's targeted to people new to concept of Bitcoin.

The title is totally missed though. "Digital" is not opposite of "fiat", vast majority of world's fiat money exist in digital (non-physical) form. They should change 'digital currency' to 'crypto currency' or 'decentralised currency'.
This article is clearly meant to be a newbie introduction so you can't expect it to be deep and detailed.
I find it good enough to be thrown at my newbie friends, who have little knowledge of basic FIAT vs cryptocurrency topic.
legendary
Activity: 2436
Merit: 1561

Not the best article I've seen, but I guess it's targeted to people new to concept of Bitcoin.

The title is totally missed though. "Digital" is not opposite of "fiat", vast majority of world's fiat money exist in digital (non-physical) form. They should change 'digital currency' to 'crypto currency' or 'decentralised currency'.
legendary
Activity: 1596
Merit: 1010
http://digitalmoneytimes.com/fiat-currency-vs-digital-currency/

A lot of people still struggle with the concept of how traditional fiat currency is “centralized”, and digital currencies like Bitcoin are “decentralized”.  Without properly understanding what these terms mean, there is no way for everyday consumers to see the benefits of either option.  A recent infographic released by HolyTransaction might bring some clarity.
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