They're both currency that can be used for something, but both have different aim. Fiat tends to be like the usual medium these days for payment, of course. I do not have the belief that ETH could do the same as fiat and even if it becomes like contender for it, Bitcoin would be more appropriate alternative than ETH.
In terms of potential adoption, Bitcoin would have more of that than ETH.
ETH has different goals so we can't just as"directly" compare these three that easily.
Topic: Eth is no different than a fiat currency? (Read 484 times)
may not be much different from bitcoin at first glance, but ethereum is really different from bitcoin. besides that ethereum prices are also more stable than bitcoin prices if we pay attention. for the difference with fiat, I think it's very different, moreover sending ethereum can be done quickly. however, there are advantages that ethereum does not have in bitcoin or even fiat currencies.
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.
Cryptocurrencies always have many differences from fiat money.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.
But I can say that fiat money is still more transparent than cryptocurrency.
It's funny that the author does not agree with the title of the article and with the things that are discussed in it, because he himself admits that he does not consider Ethereum to be like fiat funds.
However, for some reason, he decided to name the topic that way. Apparently to attract as many people as possible to read this article.
However, for some reason, he decided to name the topic that way. Apparently to attract as many people as possible to read this article.
Not true, I got mixed feelings about it and would like to read more opinions, the title of the topic is the title of the article because it's the one I would like to discuss. You're good with conspiracy theories I guess.
It's funny that the author does not agree with the title of the article and with the things that are discussed in it, because he himself admits that he does not consider Ethereum to be like fiat funds.
However, for some reason, he decided to name the topic that way. Apparently to attract as many people as possible to read this article.
However, for some reason, he decided to name the topic that way. Apparently to attract as many people as possible to read this article.
In any other sense of the word, ethereum is totally different than a fiat currency. There is literally not even a single parallels of ethereum and fiat aside from both of them being a currency that you can use to buy stuff, literally the ONLY common thing they have. However if you want to talk about which currency is more like fiat in all of crypto world that could be a whole another discussion.
All of them are crypto and all of them are different than fiat but if you want to make sure just one of them that are closest to fiat currency in many ways (and removing stablecoins obviously) that would probably be more ripple and not the others, even though I hate ripple, at least it has a regular life utility that banks are using which could be compared somehow.
All of them are crypto and all of them are different than fiat but if you want to make sure just one of them that are closest to fiat currency in many ways (and removing stablecoins obviously) that would probably be more ripple and not the others, even though I hate ripple, at least it has a regular life utility that banks are using which could be compared somehow.
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.
It seems to me that nothing can be worse than Fiat money in principle. Emission is not limited, inflation is artificial.Yes it is possible that Fiat money is less volatile but the very essence of its existence in General raises a number of doubts. 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.
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.
Before we relate cryptocurrencies to fiat, there questions which needs to be asked and which must be answered and one of the question is, what are the characteristics of fiat currency? One of the characteristics of fiat is that, it is associated with a particular country, that is, on seeing the fiat, you know the country it belongs to. And it's issuance is based on the government of the country and of course highly controlled, thus, cryptocurrencies like Bitcoin and ETH aren't like fiat currencies. Bitcoin is the true definition of decentralization and highly transparent more than fiat. ETH on the other hand is decentralized as well but can't be said to be as transparent as Bitcoin. One thing stands out among Bitcoin and ETH and that is, both are decentralized which is not a characteristic of fiat. Lastly I can't say ETH is like fiat currencies because it has no maximum supply, at least there are traces of decentralization there or rather I would say it is less decentralized.
It is crazy to even compare eth network with fiat, we know that eth is a revolutionary blockchain network that has the power of decentralization, smart contracts and massive applications across all the segments of life so there is no comparison with fiat.
Revolutionary but not that perfect. Compared to bitcoin, eth is much less hassle when dealing with fiat gateway payment. Fiat is always be the useful for everyone, but as digital currency progress, we can see its advantages compared to it. But we cant say that eth's objective is to replace fiat. Its field is on smart contract and tokenization Id rather see btc becoming fiat similiarity when it comes to usage in my opinion.
Bitcoin is the best fit for Fiat nothing else comes closer to Fiat than Bitcoin, ethereum has no max supply makes me thinks it centralized, but to say the truth I think cryptos are better off on their own
Interesting article I'm an Ethereum user for a long time already but honestly, I did not notice these changes on the Ethereum Network I think it is the right time to revisit all of the necessary information about our cryptocurrency portfolios. If Ethereum has no fixed supply it is more comparable already to the centralized fiat currency, In that reason, I might say that Ethereum is not decentralized at all.
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 
.
.I just hope that could be an easy method or way to do it. Whales in my opinion are just jumping out of which ship can boost earning. New investors are likely to grab those dump from whales but the problem here is they are quantified as different entity. We arent sure how they will use it or they would just do what other whales are doing. Eth is my favorite altcoin but I wish the developer can somehow fast track the development in orderfor people to see its really worth.
Ethereum is different from fiat currency in that Ethereum is a digital currency powered by the blockchain technology whereas fiat currency is controlled by the government. Ethereum is a decentralized currency fiat is centralized because Bitcoin to you feels more decentralized than Ethereum doesn't make Ethereum any less than a digital currency.
after reading the article, it makes little sense that etherum is basically similar to fiat in terms of total unknown supply, to a value that does not depend on a particular monetary policy. that is, it underlines that fiat prices will depend on the state of the world or global economy or the country itself, which means the same that etherum is also determined by the trading volume of the etherum itself, whether there is inflation or deflation. it's clear that it's different from bitcoin whose supply has been determined. I think that's the basis that there is a similarity between etherum and 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.
Bitcoin is well known than the ethereum. It is the one who fits to become a fiat currency. Actually transparency is impossible since the cryptocurrency is promoting transaction as anonymous. So it is impossible still to compete against fiat currency. There is a possibility only if the characteristic of fiat become characteristic of bitcoin or eth. 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.
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.
I agree with you. This market only has altcoin and stable coins and there is no fiat present. In fact, viewing ETH as a fiat is ridiculous because the coin is usually never stable for a long time and usually follows the rise of Bitcoin. Personally, it is necessary to clarify this issue many times for investors to have a more accurate view when investing in this market. 
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.Bitcoin is the fastest reliable and recognized payment system in the world.
For example: $ 1.1 billion payment
https://www.blockchain.com/btc/tx/4410c8d14ff9f87ceeed1d65cb58e7c7b2422b2d7529afc675208ce2ce09ed7d
Transferring such amounts to other blockchains can cause panic on exchanges.
Not one payment system in the world can complete this operation in 15 minutes. Swift payment takes 5-7 days
If the computing power of the Bitcoin network exceeds 10,000 times the performance of the most powerful supercomputer in the world, Ethereum has chosen a different development path.
Bitcoin is the world currency of the future
For example: $ 1.1 billion payment
https://www.blockchain.com/btc/tx/4410c8d14ff9f87ceeed1d65cb58e7c7b2422b2d7529afc675208ce2ce09ed7d
Transferring such amounts to other blockchains can cause panic on exchanges.
Not one payment system in the world can complete this operation in 15 minutes. Swift payment takes 5-7 days
If the computing power of the Bitcoin network exceeds 10,000 times the performance of the most powerful supercomputer in the world, Ethereum has chosen a different development path.
Bitcoin is the world currency of the future
But it’s not being used as a currency unlike temtum
Meetings with the Angullia government and premier of Angullia is showing how temtum is the leader in being the chosen cryptocurrency architecture for a country’s aim to deploy their own digital currency !
Why invest in companies that only have a white paper or an idea - pick one that has real contracts with the potential of millions of users
https://twitter.com/wearetemtum/status/1235231478893727746
I generally think that ETH cannot be called decentralized. I would say that it is partially decentralized, but when there is a person who can close the project, then this project cannot be called decentralized. Vitalik is the person who can kill Ethereum if the government will tell him to do it
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.
You're right when you said the vision of each crypto foundef is different and i hope the ETH team knew what they are doing when the changed the total supply of ETH.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.
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.
No hard feelings but your reply is somehow of topic because this thread was about the features on the Ethereum network that make Ethereum operate in the way Fiat currency does.
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.
(....)
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 .
.
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.
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.
The was written by one of the highly experienced crypto enthusiast and the information provided in the article was to make people more about ETH which i also supported what he said because ETH was somehow not different to fiat ever since it was stated not have total supply cap. 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.
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. 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.
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.
You suddenly sounded completely different because just because of being too much centralized, no cryptocurrency will be looking like a fiat currency but they may look like a corporate cryptocurrency like how XRP is doing. In between cryptocurrency and fiats there is another layer is existing which must be corporate cryptos.Ethereum must work on making it more transparent and fulfilling all the features of decentralization. Because, by having a central authority for making decisions and to implement enhancements, ethereum looks so centralized but bitcoin is not having any such authority but making decisions through the foundation of bitcoin community. Ethereum also must be looking for changes like that so that it will ensure all the aspects of decentralization.
It is crazy to even compare eth network with fiat, we know that eth is a revolutionary blockchain network that has the power of decentralization, smart contracts and massive applications across all the segments of life so there is no comparison with fiat.
"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.
"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.
It's very incorrect to say ETH is also fiat money. It has a fixed supply and it's chain also harbour numerous valuable tokens in the market cap. Bitcoin on the other hand code can't be edited and it's created as a payment method only. There are many Dapps on the ETH chain and also a large community.
It's very wrong to compare crypto to fiat.
It's very wrong to compare crypto to fiat.
"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.
The article says that "Eth is money" is being memefied. Like seriously? I truly have been off radar. Its terrible that when then original promises won't work, they are relying on shifting goalposts. Ethereum with its planned change to PoS is nowhere near sound money.
Ethereum wanted to be the currency as well as the "computing engine". With PoS, those currency ambitions are all but over. As far as computing for Dapps is concerned, nobody still seems to have an answer that why do we need these applications to be decentralized. Even if we do find a use-case, then why do it on PoS?
Ethereum has a large community and all but this proposed shift to PoS signifies that Vitalik has realized that his ambitious, ideological dreams won't be fulfilled. That is one sad thing that they basically gave up.
Ethereum wanted to be the currency as well as the "computing engine". With PoS, those currency ambitions are all but over. As far as computing for Dapps is concerned, nobody still seems to have an answer that why do we need these applications to be decentralized. Even if we do find a use-case, then why do it on PoS?
Ethereum has a large community and all but this proposed shift to PoS signifies that Vitalik has realized that his ambitious, ideological dreams won't be fulfilled. That is one sad thing that they basically gave up.
Why do you say with PoS those currency ambitions are over? Regarding Dapps I believe the answer is easy, their benefits like being decentralized, censorship resistant, not having a single point of failure is why we need them. You can see Bitcoin as the first ever Dapp and Ethereum made possible to create other kinds of Dapps for different types of transactions (not just token transfers). E-voting in elections is one obvious use case among many others.
The article says that "Eth is money" is being memefied. Like seriously? I truly have been off radar. Its terrible that when then original promises won't work, they are relying on shifting goalposts. Ethereum with its planned change to PoS is nowhere near sound money.
Ethereum wanted to be the currency as well as the "computing engine". With PoS, those currency ambitions are all but over. As far as computing for Dapps is concerned, nobody still seems to have an answer that why do we need these applications to be decentralized. Even if we do find a use-case, then why do it on PoS?
Ethereum has a large community and all but this proposed shift to PoS signifies that Vitalik has realized that his ambitious, ideological dreams won't be fulfilled. That is one sad thing that they basically gave up.
Ethereum wanted to be the currency as well as the "computing engine". With PoS, those currency ambitions are all but over. As far as computing for Dapps is concerned, nobody still seems to have an answer that why do we need these applications to be decentralized. Even if we do find a use-case, then why do it on PoS?
Ethereum has a large community and all but this proposed shift to PoS signifies that Vitalik has realized that his ambitious, ideological dreams won't be fulfilled. That is one sad thing that they basically gave up.
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.
Bitcoin is the fastest reliable and recognized payment system in the world.
For example: $ 1.1 billion payment
https://www.blockchain.com/btc/tx/4410c8d14ff9f87ceeed1d65cb58e7c7b2422b2d7529afc675208ce2ce09ed7d
Transferring such amounts to other blockchains can cause panic on exchanges.
Not one payment system in the world can complete this operation in 15 minutes. Swift payment takes 5-7 days
If the computing power of the Bitcoin network exceeds 10,000 times the performance of the most powerful supercomputer in the world, Ethereum has chosen a different development path.
Bitcoin is the world currency of the future
For example: $ 1.1 billion payment
https://www.blockchain.com/btc/tx/4410c8d14ff9f87ceeed1d65cb58e7c7b2422b2d7529afc675208ce2ce09ed7d
Transferring such amounts to other blockchains can cause panic on exchanges.
Not one payment system in the world can complete this operation in 15 minutes. Swift payment takes 5-7 days
If the computing power of the Bitcoin network exceeds 10,000 times the performance of the most powerful supercomputer in the world, Ethereum has chosen a different development path.
Bitcoin is the world currency of the future
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.
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