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Author Topic: A Few Words About Fiat... Because Bitcoin Is Not Just a Car  (Read 843 times)

Principe

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A Few Words About Fiat... Because Bitcoin Is Not Just a Car
« on: March 15, 2015, 11:46:41 AM »
A Few Words About Fiat... Because Bitcoin Is Not Just a Car:

https://www.cryptocoinsnews.com/words-fiat-bitcoin-not-just-car/

Quote
Apparently the financial voice for baby boomers (those born post World War II), Neale Godfrey has a poke at describing fiat and bitcoin, and differences via a Forbes article. Neale starts with the explanation that the fiat she is referring to is not the model of car. And to be fair, most people in this generation and the last do not have an understanding of what fiat in the monetary sense is.

Fiat is commonly referred to as paper money, centrally controlled and inflatable to infinity. Usually created by a government and defined as the countries legal tender and the means to pay one’s taxes.
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