“Fiat” means, “By Decree”.
A CBDC would be a crypto that is controlled exclusively by the government, so yes that would effectively be fiat, but far worse - every transaction would be tracked by the government and they could still print money. Such a system would probably be checkmate against us.
Bitcoin is not centrally owned or controlled. Crypto is not inherently centrally controlled.
Fundamentally, crypto is not a “coin”, but a distributed ledger. All transactions are fundamentally ledger entries, whether recorded or not. “We agree to this” “Each party provided X and Y”
If we, the people, select a crypto, it is not fiat, but what we selected. If the government tells us we are going to or should use crypto, it is “fiat”, but it would not necessarily be government controlled, that depends on what crypto is used.
What needs to happen is that the people need to select PMs, cryptos, and other assets, and wisely, to become our new economic mediums of exchange.
I haven’t read it yet, but have heard we should all read the book “Softwar”.
And here is u/MemeToDeath2021 explaining things better than me.
https://greatawakening.win/p/17txMS5XJ1/amazon-has-removed-the-ability-t/c/
And Rugpull Radio
https://greatawakening.win/p/16an5bgnv0/rugpull-radio-ep27-pip-and-gmone/c/
“Fiat” means, “By Decree”.
A CBDC would be a crypto that is controlled exclusively by the government, so yes that would effectively be fiat, but far worse - every transaction would be tracked by the government and they could still print money. Such a system would probably be checkmate against us.
Bitcoin is not centrally owned or controlled. Crypto is not inherently centrally controlled.
Fundamentally, crypto is not a “coin”, but a distributed ledger. All transactions are fundamentally ledger entries, whether recorded or not. “We agree to this” “Each party provided X and Y”
If we, the people, select a crypto, it is not fiat, but what we selected. If the government tells us we are going to or should use crypto, it is “fiat”, but it would not necessarily be government controlled, that depends on what crypto is used.
What needs to happen is that the people need to select PMs, cryptos, and other assets, and wisely, to become our new economic mediums of exchange.
I haven’t read it yet, but have heard we should all read the book “Softwar”.
And here is u/MemeToDeath2021 explaining things better than me.
https://greatawakening.win/p/17txMS5XJ1/amazon-has-removed-the-ability-t/c/
“Fiat” means, “By Decree”.
A CBDC would be a crypto that is controlled exclusively by the government, so yes that would effectively be fiat, but far worse - every transaction would be tracked by the government and they could still print money. Such a system would probably be checkmate against us.
Bitcoin is not centrally owned or controlled. Crypto is not inherently centrally controlled.
Fundamentally, crypto is not a “coin”, but a distributed ledger. All transactions are fundamentally ledger entries, whether recorded or not. “We agree to this” “Each party provided X and Y”
If we, the people, select a crypto, it is not fiat, but what we selected. If the government tells us we are going to or should use crypto, it is “fiat”, but it would not necessarily be government controlled, that depends on what crypto is used.
What needs to happen is that the people need to select PMs, cryptos, and other assets, and wisely, to become our new economic mediums of exchange.
I haven’t read it yet, but have heard we should all read the book “Softwar”.