A Few Words About Fiat... Because Bitcoin Is Not Just a Car
Apparently the financial voice for baby boomers (those born post World War II), Neale Godfrey has a poke at describing fiat and bitcoin, and differences via a Forbes article. Neale starts with the explanation that the fiat she is referring to is not the model of car. And to be fair, most people in this generation and the last do not have an understanding of what fiat in the monetary sense is. Fiat is commonly referred to as paper money, centrally controlled and inflatable to infinity. Usually created by a government and defined as the countries legal tender and the means to pay one's....
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New crypto words are being enshrined into the book of language. Since Merriam-Webster has validated a number of internet catchphrases and colloquialisms the modern youth today coin by including them in the dictionary, language elitists will have to get pretty chill with them fast. Merriam-Webster has recently added 370 new words to its lexicon, which, for […]
Just like its USD counterpart, Tether Euros (EURT) bridge fiat currency with the Bitcoin blockchain along with the ability to use for SEPA transfer, debit card payments as well as trading EURT/USDT pairs over OmniDex. Tether: The Crypto-Fiat Bridge. Tether Inc. (tether.to) in conjunction with partner exchanges OpenLedger and Coinsbank have announced the....
One sentence perfectly summarizes the problems with modern finance, and you can find it in your pocket. Open up your wallet and take out a US bill of any denomination. On its front, you'll find these words:"THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE". This simple sentence encapsulates Old-World finance, where central bankers make intimidating commandments, and governments try to manage commerce from a central point. Contrast this with bitcoin, which represents New-World finance. Several points:1. There's a reason why fiat currency needs special clauses. Never in history....
With over half a million followers on Twitter, Peter Brandt is a well known career trader who often tweets valuable insights about the markets. In a recent tweet, Peter took a stance on Tether calling it a useless mind fart. Choice Words From Iconic Trader Peter Brandt According to Peter, the concept of converting a traditional fiat currency such as the dollar or the euro into a digital fiat unit such as Tether, just in order to protect its store of wealth against inflation, is a meaningless process as it serves no purpose. Circular reasoning – TETHER The idea that we convert one....
No need to suffer from centralized systems since the world has been offered its greatest weapon against it: cryptocurrency. “Fiat lux”, said God, having created heaven and earth, which was filled with darkness. And then, there was light. At least, that’s what the Holy Bible tells us. Translated to English, this Latin phrase means “let light be made.”For Christians, who much of the global population, these words mark the beginning of time and everything else. Eventually, there came a time when audacious, power-hungry, control-freak governments took the word “fiat” (literally meaning “it....