Quote Originally Posted by Gandalf View Post
It is a limited supply of nothing though which differentiates it from Fiat. The supply of Bitcoins is limited and cannot grow forever. Fiat currencies are all based on ponzi schemes and growing forever. Quite different. An ounce of gold will always buy you a new suit, the same cannot be said of 5 dollars.
https://www.google.com/amp/s/www.for...ust-a-car/amp/

@Gandalf you r prob need reading these links I slupply but yes Bitcoin is fiat. It does not matter that it is limited it matters what asigns it's value. It is even more risky than traditional fiat. The US dollar being fiat has value as people trust in the us economic system and the governments backing. Bitcoin is based on what. You can't say oh it's limited as that is not an answer. The dollar had crashed in the past even under the gold standard. Bitcoin is confusing as we did not grow up with it but to begin to understand you must grasp that it is a fiat currency. The article above begins to explain it. Several other links in my fine financial thread do the same and even explain why the whole crypto thing is a Ponzi scheme