Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: CodeToad

No, unlike the dollar, crypto can’t be issued at will.

Also, it isn’t backed by debt, which is the reason that faith (fiat) is required by users of USD, EUR, JPY, etc.


52 posted on 06/15/2018 10:57:26 AM PDT by oblomov
[ Post Reply | Private Reply | To 49 | View Replies ]


To: oblomov

“No, unlike the dollar, crypto can’t be issued at will.”

Yes, it can, and it is. There is no such thing as increasing or decreasing in value as bitcoin has without fiat being involved.


56 posted on 06/15/2018 11:21:01 AM PDT by CodeToad
[ Post Reply | Private Reply | To 52 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson