RE: Old Problem with New Cryptocurrencies - Seriously? This Again?

You are viewing a single comment's thread from:

Old Problem with New Cryptocurrencies - Seriously? This Again?

in bitcoin •  7 years ago 

I'm with you on everything about that but the fiat part. Could it not be done with real money?

bitcoin
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    1 vote
    1
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  7 years ago (edited)

    Sorry, I may be using the term "fiat" wrong. Financial Times defines fiat, in part, as "Fiat money is an intrinsically worthless object, such as paper money, that is deemed to be money by law." I was not talking about lawfully enforced paper money. Rather, I meant to say a decentralized "managed currency" mechanism. Does that help clarify, or am I not understanding your question?

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00