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Topic: Is Fiat Currency completely irrelevant to cryptocurrency - page 5. (Read 630 times)

full member
Activity: 299
Merit: 100
Fiat is very relevant to cryptocurrency. Coz first of all, it is the measurement of the value of each coin.
I think nobody here invested in cryptocurrecny to increase their coin but to grow their money (fiat). All of the coin you possess were useless if you couldn't use it.
You can pay online using BTC directly but it is still depends on its equivalent value in your local currency or in US dollars.
sr. member
Activity: 868
Merit: 266
There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?


From its utility, just like everything else. Where does gold derive its value from?
Gold gets it value from the people that is the investors the same as Bitcoins.
full member
Activity: 560
Merit: 105
bitcoin and banknotes are irrelevant and both have no significant relationship, bitcoin is the digital currency whereas paper money is not digital money is not only that the total supply of bitcoin is also very limited different from fiat currency.
jr. member
Activity: 482
Merit: 3
Fiat will always be relevant in the world and even in the Cryptoworld. At least I will always need fiat for day-to-day runnings after pulling out profits from trade made. So fiat is and will always be needed.


There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?

sr. member
Activity: 1470
Merit: 325
There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?


From its utility, just like everything else. Where does gold derive its value from?

it is a unquie useable material, commonly used as money, along with other metals besides having a use in crafting it is culturally and historic a popular money and jewelry materials.

encripted information are not.
legendary
Activity: 4466
Merit: 3391
There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?


From its utility, just like everything else. Where does gold derive its value from?
sr. member
Activity: 1470
Merit: 325
There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?


actually, no, fiat currency is already a tendentious word cryptocurrencies also behave like fiat currency, ever heard of bitcoin gold bitcoin diamond etc.

main issue with cryptocurrencies is that they are not controlled by a trusted body, they are purely marketed and issued for greed.
jr. member
Activity: 116
Merit: 1
There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
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