Topic: Eth is no different than a fiat currency? - page 2. (Read 486 times)
Yes, it is true. bitcoin and ETH were created to make a difference from today's general economy. they have advantages in terms of speed and price that are far above those of ordinary banknotes and a decentralized system. but the disadvantages of both are that hacks often occur which makes some people still don't want to use them. crypto security is still being developed and reduces the amount of price fluctuations that are so large.
https://offthechain.substack.com/p/eth-is-no-different-than-a-fiat-currency
I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.
I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.
Truly, Bitcoin is more decentralized than every other coin inclusive of ETH and also both are different from fiat currency. Fiat currency is the currency of a country which is managed by that country, it has no smart contracts in the case of Ethereum, has no blockchain but instead a centralized system managed by Individuals. Also not only ETH, Bitcoin as well is more transparent than fiat and can be used for different payments without absurd charges like the one seen in fiat currency. In fact there is a whole lot of difference between fiat and cryptocurrencies like Eth and Bitcoin.
yes maybe because the total supply is not limited to fiat, the government will print fiat if they lack or reduce the money in circulation, while bitcoin has a total amount of supply and even then it is small.
so if in the process of sending the same amount of value may eth will be longer.
but the vision of each of the founder coins is of course different.
so if in the process of sending the same amount of value may eth will be longer.
but the vision of each of the founder coins is of course different.
https://offthechain.substack.com/p/eth-is-no-different-than-a-fiat-currency
I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.
For me Bitcoin is very closer to Fiat than Ethereum, I don't know what this guys talks like this without thinking about Bitcoin and it's capability as a whole, as a matter of fact Bitcoin is more decentralized I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.
Ethereum Foundation is the central bank of ethereum and Vitalik is the CEO of BoE (bank of eth), so yes, eth has some the features of a FIAT currency.
No hard cap on the supply, mutable chain, changing inflation rate... what else you want? It is just like FIAT. Shit.
No hard cap on the supply, mutable chain, changing inflation rate... what else you want? It is just like FIAT. Shit.
https://offthechain.substack.com/p/eth-is-no-different-than-a-fiat-currency
I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.
I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.
Correct. Ethereum is nowhere near fiat currency. Bitcoin has a small and limited supply compared to ethereum and fiat. Ethereum still has not a limit but the issuance of new coins would be highly regulated after the issuance and transfer to proof of stake. It would still work as a utility token but would not be as effective to use for general day to day transactions.
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I am much satisfied if you say Litecoin is since Litecoin is forked from Bitcoin.
And ethereum's key feature is the smart contract in it.
You can use both Ethereum and Bitcoin for payments but they have also different use or function.
Bitcoin, Ethereum and Fiat are in a different category no need to compare them. Bitcoin is the king of cryptocurrency no doubt about it, and For me, Ethereum is the king of altcoins. Cryptocurrency and fiat have their advantages and disadvantage and they should co-exist and they should not fight or be compared they have their own unique purposes.
I do not know what you try to insinuate, but etherum and fiat are 2 parallel lines.
Why ?
Fiat currency maintains its constant value over time, i.e your 100$ cash will remain 100$ if you refuse to spend it or convert it to euros.
But Etherum is a blockchain, With a huge volume on coinmarketcap and a volatile price. Etherum can be 280$ today and 260$ tomorrow or 280$ today and 500$ tomorrow.
Don't mix up the two and always dyor.
Why ?
Fiat currency maintains its constant value over time, i.e your 100$ cash will remain 100$ if you refuse to spend it or convert it to euros.
But Etherum is a blockchain, With a huge volume on coinmarketcap and a volatile price. Etherum can be 280$ today and 260$ tomorrow or 280$ today and 500$ tomorrow.
Don't mix up the two and always dyor.
Fiat and Crypto are two different entities. I have never seen any place where Ethereum was called a fiat. I think this is my first seeing an article with such content. Ethereum cannot be a fiat currency. Aside from its supply, proof of whatever it is, contract and other features, the value of ethereum is not fixed. this I believe to be the characteristic feature of fiat. The two are entirely different. Decentralization is also another feature you cannot find in fiat.
https://offthechain.substack.com/p/eth-is-no-different-than-a-fiat-currency
I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.
I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.
Correct. Ethereum is nowhere near fiat currency. Bitcoin has a small and limited supply compared to ethereum and fiat. Ethereum still has not a limit but the issuance of new coins would be highly regulated after the issuance and transfer to proof of stake. It would still work as a utility token but would not be as effective to use for general day to day transactions.
Ethereum was obviously just like a fiat currency that is digital because of "the asset's lack of fixed supply, inflationary supply schedule, and centralized decision-making group".
Still, circulation and inflation, etc could somehow be relatable in ETH and fiat money. Ethereum is still a cryptocurrency or digital money.
https://offthechain.substack.com/p/eth-is-no-different-than-a-fiat-currency
I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.
Ethereum and Bitcoin those are quite different than each other in transaction speed, cost, supply and privacy. Your big transaction always will be following by someone. I think Ethereum is so much different than Fiat currency. Although main article is different than topics but if Ethereum Fiat currency than Bitcoin also Fiat currency, which is not possible. I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.
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I heard it before that some expert said that Ethereum is semi-decentralized so comparing it to bitcoin, it's bitcoin that's more decentralized.
Theoretically,yes it semi-decentralized because some of it new network upgrade/policy decisions are sometime decided by a small group of individuals. Although, the public are usually aware about their new feature/policy but the community only advise them and didnt make the decision. "Eth is no different than a fiat currency?"
This is misleading. Ethereum is a smart contract platform. If you say it is just a type of money, then you're missing the point. The article does cover this, although it's more implicit than stated outright. Certainly ETH can in one sense be considered to be money, and DeFi is I think extremely important and will become more so as we progress. But the "ETH is money" slogan really means that money is one of the things that ETH can be. It's certainly not the whole or indeed the main use.
This is misleading. Ethereum is a smart contract platform. If you say it is just a type of money, then you're missing the point. The article does cover this, although it's more implicit than stated outright. Certainly ETH can in one sense be considered to be money, and DeFi is I think extremely important and will become more so as we progress. But the "ETH is money" slogan really means that money is one of the things that ETH can be. It's certainly not the whole or indeed the main use.
It looks like any click bait article, you just have to see the title itself, Lol.
Of course its is a smart contract platform and there's no way it is comparable to fiat currency.
If we are going to compare ETH, then we might as well say that the rest of crypto currency is very similar to the traditional fiat system.
This is definitely a click-bait. And it started to fill in the forum day by day! They share the news of certain platforms in this way, which they show as free ads, without any contribution to the forum.
Did you fully read the article that I mention? The title of the post is exactly the title of the article and if you read it you will probably understand why this is relevant. Also Eth stands for Ether, not Ethereum.
I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.
It's other way round, Bitcoin is completely different from Ethereum, and Bitcoin is everything Ethereum can not be, Bitcoin doesn't have a sole dictator in its affair, which makes it more decentralized, However, Ethereum will always see Vitalik Buterin calling certain decision making shots, which makes it more of a centralized entity as suggested by the author of the article.
https://offthechain.substack.com/p/eth-is-no-different-than-a-fiat-currency
I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.
I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.
If you believed the article than the question you need ask yourself is, is Fiat's limited in supply? What about Ethereum? The differences are very clear that, Ethereum is far more better than the fiats all together because, its limited in it supply as a digital currency. Even though Ethereum is not decentralized as Bitcoin, its still performing great among all other altcoins around cryptocurrency community. Base on the recent happening, Ethereum is one of the best altcoins to buy and hold.
Etherum is great & sill be even greater, but the fact remains that Bitcon is the king & will always be that way. Nothing will beat Bitcoin in the near future.
Bitcoin value will keep raising & no other alt or coin will beat it, that's something people should know.
Bitcoin value will keep raising & no other alt or coin will beat it, that's something people should know.
I always say to all altcoins haters. It requires a time, whales are slowly selling their cryptocurrencies to the retail investors, so the number of users is growing and after some time these users will have more Ethers together than whales and then Ethereum finally become decentralized 
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I heard it before that some expert said that Ethereum is semi-decentralized so comparing it to bitcoin, it's bitcoin that's more decentralized.
And the comparison to fiat money, the world is using fiat than Eth and that's sort of odd comparison these days. Before, we seem to compare any cryptocurrency to fiat but I think everyone's mind is getting broader and becomes more open to the idea of comparison and understands quickly the differences of it.
And the comparison to fiat money, the world is using fiat than Eth and that's sort of odd comparison these days. Before, we seem to compare any cryptocurrency to fiat but I think everyone's mind is getting broader and becomes more open to the idea of comparison and understands quickly the differences of it.
Eth is much more centralized and so powerfully controlled by Vitalik that he'd never leave his hands from putting things the way he wants to. Every single step taken by the devs is first approved by this guy Buterin and he's the one who teaches every place to speak more and attract more people to get into buying and appreciating Eth over BTC, but when the major founder himself is known to public while also having premined coins with him and has the power to destroy the network, who says that this is a decentralized coin? And if it's not decentralized, then in my views too, I believe that Eth is not less than a fiat if compared because fiat also has this major feature - control of Gov over it.
https://offthechain.substack.com/p/eth-is-no-different-than-a-fiat-currency
I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.
I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.
Most of ETH was printed and sold in ICO for a low price.
NOTE : Check it on capital market and i will that ETH total supply is remove.
It is very different then Bitcoin and also different then how fiat is made. Fiat is also printed, but sold for fixed price that decrease over time. Point of ETH is to secure asset platform. Point of fiat is money. Same as point of Bitcoin is/was being money.
No doubt about that but ETH have some features used/done by the team just the same way the government operate in printing fiat currency. Try and read the article posted by OP.
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