Topic: WHAT DOES IT REALLY MEAN - page 2. (Read 614 times)

FIAT means cash, each country has different cash. You can go to google and search for this keyword, I believe they will explain it in the most detail and you will quickly understand it.

You never can tell, he might have searched and research, but yet has not been able to understand it as he wants. Cryptocurrency is very much different from Fiat. He has stated that he understands cryptocurrency already and the only thing left now is Fiat. So, I feel an answer in that direction should help him.
Well, it's good to see that the right answers have been given by other members and I believe he should now understand it more. Searching google now will make things easier.

It seems that from the explanation above, everything has been explained about fiat currency, which is the national currency that we use every day to transact in the real world.

As most of the members try to give you full definition of fiat currency, i will try to explain why cryptocurrency invented along with the blockchain technology as well as what's the advantage of cryptocurrency better than fiat currencies.
If op read the previous reply than op might understand what's fiat currencies. In simple world, fiat currencies are the exchanging method in local government and it's different from country to country , also government has the control to do anything with the fiat currencies. In this current covid-19 pandemic , many of the countries print so many fiat currencies to control or maintain the situations. So, government can print as much as they want to, which will cost the problem of inflation and economic collapse. To solve this problem and also the other problems, satoshi first time create a decentralized electronic currency which won't control by any government and this first electronic currency is called Bitcoin. By the time passed, there were introduced many crypto-currencies to solve the problem of Bitcoins and it's still continued. The  main advantage of crypto-currencies is that it's limited supply not like fiat currencies which has unlimited supply and government can print as much as they want. Also crypto-currencies price are continously increasing because of the limited supply and daily more adoptions. 

You don't know fiat yet you claim you are reading and have learnt a lot meanwhile you are unable to read something as simple as fiat currency, an information that will not take Google a sec to produce it by using the search button, clearly you have not been reading as much as you claim, this are very basic information, use Google sometimes not all minor queries need to be open a thread for, I don't see the point.

Agree! Furthermore, Fiat currency is a currency backed by governments and real assets. It's different from cryptocurrency which is intangible currency that is not backed by any government. That's my basic understanding of fiat currency. I hope you found it's helpful.

If you got confuse with this its just a representation of different countries money. Its not a cryptocurrency unless you mentioned fiat cryptocurrency - these are stablecoins that have been created for direct relational to countries where they accept gateway payment through cryptocurrency. Example of this is USDT where symbolized the USD but not really backed by it. Your learning are not yet sufficient enough and needed much reading.

In the world fiat it was already given it was called money (paper money), fiat currency is the one that you used on your country for buying some staffs or some personal needs you can search it too instead of asking here in the forum many of the answer will be shown on the google so you can understand it.

Fiat is simply paper spendable money. To get a better understanding, fiat is what most countries used as their legal tender and often times, have a complete backing by the financial bodies and institutions of not just the countries but the world financial bodies as well. It is a nation's true financial representation and always used to relate with other country's legal tender. It is controlled by the government and centralised by a designated authority.

It's better for you to get an answer to your question through using your browser and use your search engine. This can be categorized as a common thing that has already explained a lot by a bunch of sites in the internet.

Are you sure having read a lot? I think you need to add your sources to read.
here, you can easily find what fiat is:


It is so clear to see in the picture. You can also find it on google.
To make it easier, fiat is a kind of legal currency issued by every country and it not backed by the commodity likely gold. Fiat is commonly used as the major payment method, transaction, currency value, and also the manner of "money".

I am sure that you use money in your country to buy something, pay something, and also you get when earn something right? that's the fiat.

Source:
https://www.fool.com/investing/general/2015/12/06/fiat-currency-what-it-is-and-why-its-better-than-a.aspxhttps://www.investopedia.com/terms/f/fiatmoney.asp

I think we are speaking big words to op which could get him/her more confused. Fiat money is simply the currency used in your country in buying and selling. That money you have with you , that you buy things with is also called fiat..

it means you aren't really reading because for the term "what is fiat currencies" can find it on google and there are many articles that discuss the question you are looking for

Oh come on mate fiat currencies is declared legal tender by your local government as that you are using to buy any goods and services with your fiat currency.

A good example is that money you are currently using in your country for buying commodities and paying for services.
In other words it's a currency that is not backed by any physical commodity like gold and has been declared by the government of a give country as the legal tender. So each country has it's own fiat currency,

Read more here: https://www.investopedia.com/terms/f/fiatmoney.asp

FIAT is common term used to described the currency which is used in real world in paper form.In US Fiat is considered as Dollar and Europe, Fiat is Euro. Like this the fiat had various form. In future, the digital currency will replace all the fiat and became the one and only using currency in the world.

Fiat currencies are the currencies provided by our governments, yes that paper money we are using in our day to day life.

Simple google search might helped you with this one.

I am new to cryptocurrency world and I've learnt a lot since I started reading about it but I've not really gotten much of understanding on what is meant by FIAT CURRENCIES?