this is not what people mean when they say "it isn't real money". strawman argument is unconvincing. if you could pay for the taxi ride with cryptocurrency it would be about as real as fiat currency, but you can't, so it isn't.https://twitter.com/julian0liver/status/958080067233615872 …
it's not fiat b/c it's not fiat. Fiat means "let it be so", meaning, an outside authority declares the legal status of a thing. There is no authority that can declare fiat status for cryptocoins, it's decentralized by design.
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the "moneyness" of something is a matter of social convention, and who is willing to accept a thing as currency. that's orthogonal to whether or not it's fiat money.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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I used fiat as synonymous to currency, Twitter has a character limit.
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Something is “widely accepted” only if it is stable enough to be reliably used as value storage.I maintain we are saying the same thing
End of conversation
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