I'm contending that Bitcoin is not necessarily fiat. I think none of the definitions fit Bitcoin well. If Bitcoin network stops functioning, where happens to the 'decree'?
-
-
It is not energy backed that is a meaningless phrase that doesn't pertain to economics. It has been perpetuated by people drowning out reason.
-
It is not a meaningless phrase. You need to think further ahead. When everyone is using coins that need to be mined, the value of the coin equals the energy it takes to mine the next coin. Each coin represents energy. Fiat does not represent energy. Energy is always in demand.
-
U aren't speaking economics. U are using ur own definitions. I don't think u realize this.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.