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11
Imagine wanting to free the world from fiat but becoming a multi-billionaire in fiat, instead (media.scored.co)
posted 164 days ago by user20461 164 days ago by user20461 +12 / -1
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– SmithW1984 1 point 163 days ago +1 / -0

Fiat money is a type of government-issued currency, authorized by government regulation to be legal tender. Typically, fiat currency is not backed by a precious metal, such as gold or silver, nor by any other tangible asset or commodity.

Is BTC issued by a government or a central bank?

There is no other value on it other than the next dumb guy buying it. It's pure speculation.

Wrong. The value of BTC is defined by the unparalleled decentralized network, the limited supply ensuring 0 inflation and institutional meddling, and the blockchain technology itself. But do tell me what is the intrinsic value of gold, what drives its price and how it's not a speculative asset?

BTC is at an all time high rn. Calling people who hold it dumb doesn't make you look that smart. I've been hearing about the bubble bursting "anytime now" for 10+ years and it only gets stronger and its adoption more widespread.

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