Message from Graylan | gray00 in Subverse #general
thats not a definition thats a reason of being
"fiat is invented"
last i checked cryptocurrency was invented too
If we get caught, I'm new to this server, i dindu nuffin
@Paradox cuz its a status "look at me i'm fancy enough to afford an overvalued phone, i'm part of the fancy club"
@Dr.Wol and I said how. With blocks. You know. Cryptography ... ww2 👍
thats still not an answer to "the definition of fiat currency"
Fiat isn't printed that way
Right, ya, see that's not a good reason for me.
I don't need to define it.
If you don't know what it is by this point . Dunno.
So, I don't understand it.
ofc not cuz you'd realise i'm right
Right about what?
You didn't invest in Bitcoin? You didn't get in at .25 cent.good job.
Fiat currency is a money that has no representative value other than "we say it does"
which list literally what crypto currency is
Don't buy crypto hold fiat.
Holds it's value and you get "interest " whopping 1.2% if you are lucky
They don't tell you Inflation eats that % and a lot more.
Im not a government official........ backs out of room slowly
so don't stick your money in a bank hoping for interest rates
Yeah. I hold crypto instead. I'm doin okay.
Much better than if I held fiat.
That's for sure.
until mastercard decides they don't accept it, and your currency becomes 0 😉
cuz no one will exchange it
the moment it becomes an actual threat to them as a centralised power of currency
You don't need MasterCard.
Real fiat is how I trade
you realise that until large enough sums of corporations start adopting it its never gonna be a big-boy coin right?
U think I get fake money from the bank?