X Is Fiat

You sometimes hear bitcoiners claim that “X is fiat”, where X can mean some category of food, medicine, art, whatever. I’m no fan of such extrapolations of supposed Bitcoin values — but here I’ll make an exception… for the actual X.

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Fiat Mindsets Are Making My Patients Unhealthy, But Bitcoin Can Help

Debasement of fiat currency creates financial dependence and fosters unhealthy lifestyles, while Bitcoin can change our thinking and health.

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Robert Kiyosaki Reveals His Bitcoin Holdings, Says He Doesn’t Trust Fiat Money

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Fiat Debases Belief, But Bitcoin Makes Us Human

Enslaving us with debt and inflation, the fiat system replaces sincerely-held beliefs. But Bitcoin gives us the chance to be human again.

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The Stage Is Now Set: Bitcoin Will Replace Fiat

Bitcoin represents an unprecedented paradigm shift, and while the world may not be ready to replace fiat, that change is inevitable.

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Mainstream media sentiment shifts in favor of Bitcoin amid fiat currency woes

While mainstream media generally remains cautious against Bitcoin, current fiat debacles left outlets with no choice but to recognize BTC’s standout performance.

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Mexican Billionaire Says Bitcoin Is A Better Option Than Fiat Money

Bitcoin is a better option than fiat money, said Mexico’s third richest man, Ricardo Salinas, in an interview. Bitcoin, Salinas said, is unseizable and can be transferred instantly worldwide, contrary to fiat and the gold standard.

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Fiat Money Is Babel, Bitcoin Is Clarity

Fiat obstructs true price signals which convey economic reality, and bitcoin fixes this.

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How The DCA Army Will Drive A $1 Million Bitcoin Price

The entire supply of bitcoin will eventually go to the zealot DCA army, bringing enough fiat into BTC that fiat ceases to exist.

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Inflation games: Bitcoin competes with fiat on value but lacks volume

Amid global economic contraction, Bitcoin appears to be gaining momentum against struggling fiat currencies.

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U.S. Congressman Emmer Says Bitcoin Better than Centralized Fiat Monies 

Tom Emmer, a U. S. Representative for Minnesota’s sixth congressional district, has said during the August 3, 2020 episode of Anthony Pompliano’s “Pomp Podcast”,  that Bitcoin has come to stay, as its decentralized nature gives it a significant edge over fiat currencies including the USD.

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Gold Bug Schiff Calls Bitcoin Fiat Following Fed Comments

Peter Schiff agrees with the Fed that Bitcoin should be classified as fiat currency.

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Bitcoin Nears Half the Age of the Average Fiat Currency

Bitcoin (BTC) is headed to its 11th anniversary, inviting comparison to the life cycle of fiat currencies. Commenters pointed out that fiat currencies are actually prone to crises, and sometimes go through denominations, or simply disappear.

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Cybercriminals Selling Hacked Fiat Money for Bitcoin at 10% of Its Value

Dark market sellers are offering fiat cash for bitcoin at discount prices, but there's a catch.

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Bitcoin: The Apex Predator of Money Beats Fiat & Gold

It’s been ten years since Bitcoin first came into existence. Though it is yet to gain regulatory clarity, it is making advances towards becoming a store of value and medium of exchange. Given the fact that fiat currencies itself don’t have an average life expectancy of more than 30 years, even the reserve currency couldn’t […]

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Japanese Yen Overtakes US Dollar as the number One Fiat Option for Bitcoin

There has been a lot of pairing going on in the crypto market ever since it’s evolution 10 years ago. One of the most trading pairs for Bitcoin in terms of fiat has been the US dollar. But now, the Japanese Yen has surpassed USD in Japan as the most fiat trading pair for Bitcoin.

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Opinion | Bitcoin vs. Fiat, Time for the New Wine

There's a battle coming. It will affect your financial future for the rest of your life. Learn the truth about fiat currency and the promise of Bitcoin. The post Opinion | Bitcoin vs. Fiat, Time for the New Wine appeared first on CoinCentral.

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ETH/USD Price Analysis: ICOs under Pressure, May Liquidate for Fiat

Latest Ethereum News It’s a selling frenzy out there. Although we cannot exactly pin-point the cause of this massive sell off, analysts and market pundits are linking this to the protracted hash wars between Bitcoin Cash ABC and SV.

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‘Extinguishing Capacity’: Bitcoin Could Swallow All M1 Fiat At $223K Per Coin

$223,186 is the price Bitcoin would need to be in order to convert the entire world supply of fiat currency, industry figures calculated July 2. M1 Fiat Could Go At Less Than $250k Part of an ongoing debate on social media, Blockstream CEO Adam Back and CSO Samson Mow joined Bitcoin Think editor Beautyon in discussing the phenomenon of ‘hyperbitcoinization’ – the as yet untested process by which consumers abandon fiat en masse for Bitcoin.

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Luxury Shopping Marketplace Fancy Offers Discount for Bitcoin Purchases

Bitcoin whales and long term holders are always looking for places they can spend their cryptocurrency without having to touch fiat. Fancy allows just that, with a huge catalog of luxury shoes, high-end gadgets and much more.

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Bitcoin’s Defense Against Fiat Hyperinflation

The advice from Wences Casares to those wanting to be a millionaire is to take 1% of what you own, buy Bitcoin, then wait 5-10 years. That way, according to the CEO of Bitcoin storage company Xapo, “You either lose 1% of your net worth…or you make millions.

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World’s Number One Bitcoin Betting Platform, Sportsbet.io Adds Support Fiat Euro Wagering

Revolutionary bitcoin-based sports betting platform, Sportsbet. io has now made it easier for users to stake with euro on the platform. With this groundbreaking move, users can now deposit and bet with euros on the site, making it much more accessible to everyone.

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CoinPayments partners with Wyre to offer BTC to fiat settlement for ecommerce merchants

Wyre, a blockchain technology powered money transfer company has announced that is will be partnering with CoinPayments, a cryptocurrency payment gateway in order to offer merchants bitcoin to. . .

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Jack Ma’s Ant Financial to Explore Blockchain for International Payments

Jack Ma remains skeptical of Bitcoin and other cryptocurrencies and believes that they could be a bubble. Having taken that stand for quite some time now, Ma still thinks cryptos haven’t proven themselves to be better alternatives to fiat currencies so far.

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The Daily: Pornhub Adds New Tokens, Fcoin Defends Trans-Fee, Coinbase Goes Pro

Among the interesting stories featured in today’s edition of Bitcoin in Brief are the new crypto tokens added by Pornhub, Fcoin founder’s defense of the controversial trans-fee mining practice and an update on the upcoming launch of Coinbase Pro.

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Sportsbet.io Branches Out Beyond Bitcoin with Euro Wagering

Bitcoin Press Release: Leading sportsbook now more accessible than ever with first fiat currency betting option. 28th June, 2018. Tallinn, Estonia:  Sportsbet. io, the leading Bitcoin-led sportsbook, has announced that it will accept euros as a deposit and wagering method – making betting on the site easier and more accessible than ever.

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PR: Cryptagio Obtains Licences – Is Half Way to Becoming a Crypto Fiat Exchange

Tallinn, Estonia, — On its way to supporting fiat currencies, Cryptagio digital asset exchange is halfway through. The company has recently obtained licences for providing its users with a crypto-fiat exchange as well as wallet services.

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Cryptocurrency to Fiat Transactions Remain High in the Philippines

The Filipino central bank has revealed that the trade between fiat and cryptocurrencies on authorized bitcoin exchanges in the Philippines has maintained its high level for the country from the boom time of late 2017 during the first quarter of this year.

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RBA Official Predicts Bitcoin Will Struggle in Australia

A senior official at the Reserve Bank of Australia (RBA) has speculated that Bitcoin is unlikely to succeed in Australia because they already have a successful currency. The official compared the volatility of cryptocurrencies to stable fiat alternatives and cast doubt on Bitcoin as a store of value.

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Indian Crypto Exchanges Prepare for RBI Ban – New Trading Tools, No Fiat

As the start of the crypto banking ban by the Reserve Bank of India approaches, cryptocurrency exchanges in the country are preparing to stop fiat deposits and withdrawals while boosting crypto-to-crypto trading.

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Indian Exchange ZebPay Stops Allowing Rupee Withdrawals; Broader Indian Crypto Ecosystem Under Pressure

One of the largest crypto exchanges in India, ZebPay, announced that as of June 22, it could be stopping all withdrawals to fiat in Indian Rupee from its platform. This comes on the back of an April 5 declaration by the Indian government that all banks must stop acting as intermediaries between exchanges and their […] Indian Exchange ZebPay Stops Allowing Rupee Withdrawals; Broader Indian Crypto Ecosystem Under Pressure was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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Goldman CEO Strikes a Surprisingly Optimistic Chord About Bitcoin’s Future

Lloyd Blankfein, CEO of Goldman Sachs, spoke at the Economic Club of New York on Tuesday and struck a surprisingly optimistic chord for Bitcoin. The banker said that he does not rule out the possibility of a future for the largest digital currency.

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Here’s How Bitcoin is the Least Volatile Crypto Asset

Bitcoin is less volatile than its cryptocurrency cousins, according to research that looked at five crypto assets from 2013. Bitcoin Trumps the Rest In February, the American Institute for Economic Research (AIER) compared the volatility of Bitcoin to traditional fiat currencies.

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Third-party report says all Tether (USDT) fully backed by US dollar reserves

Tether, the provider of tokenized fiat currencies on the Bitcoin blockchain, has released a report from Freeh Sporkin & Sullivan, LLP (FSS) confirming that all Tethers (USDT) in circulation are sufficiently backed by US dollar (USD).

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Third-party report says all Tether (USDT) fully backed reserves

Tether, the provider of tokenized fiat currencies on the Bitcoin blockchain, has released a report from Freeh Sporkin & Sullivan, LLP (FSS) confirming that all Tethers (USDT) in circulation are sufficiently backed by US dollar (USD).

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You Can Now Exchange Your Leftover Euros for Crypto at Schiphol Airport

One of the most inconvenient things about international travel is getting stuck with foreign money that can’t be accepted in your home country. Luckily for passengers and visitors to Schiphol Airport, they now have the chance to experience the benefits of a truly global currency first hand and get rid of their fiat at the […] The post You Can Now Exchange Your Leftover Euros for Crypto at Schiphol Airport appeared first on Bitcoin News.

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Goldman Sachs CEO: ‘Too Arrogant’ to Think Crypto Won’t Work Out Because It’s ‘Unfamiliar’

Goldman Sachs CEO has reiterated his optimism about Bitcoin adoption, comparing it to the early days of fiat paper money

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Japan’s FSA has restrictions on leverage since there is no price law set for Bitcoin

Hyperinflation has made bitcoin popular in the African country because many of its residents do not trust their own fiat currency. In stock markets, investors cannot employ arbitrage because each stock has only one price at a given time.

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How Inflationary Should Cryptocurrency Really Be?

The next time you find yourself in an argument about the merits of cryptocurrency, set your timer and count down the minutes until you hear something like the following: “Fiat money has value because it’s backed by the government.

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A recent announcement blogged by famed UK financial guru, Dominic Frisby, explained he

Prizes include standard fiat payouts, but the show is also offering prizes in bitcoin cash (BCH) and even silver bullion. Also read: Star Trek Icon Joins Bitcoin Mining Revolution Game Show Offers Prize Money in Bitcoin Cash A recent announcement blogged by famed UK financial guru, Dominic Frisby, explained he “is host and quizmaster in

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Bitcoin Could Break The Internet

This week, the Bank of International Settlements (BIS), a membership group of over 60 of the worlds central banks, based in Switzerland have recently published a report that explores cryptocurrencies from both a financial and sociological/cultural perspective.

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The Australian Tax Office Wants A Share Of Your Profits From Crypto Trade

The Australian Tax Office (ATO) is making it known to every crypto trader that transactions involving converting cryptocurrencies into fiat currency are under its microscope. If you make such a transaction, ATO wants you to pay your tax dues.

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Ripple To See A Positive Trend With This News

The company Ripple, which straddles the world of virtual currency and cross-border remittances, is left calm and collected by RBI’s (Reserve Bank of India’s) restriction on how banks carry out their dealings with cryptocurrencies.

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Selling Bitcoin [BTC] for fiat is “reverting to the past”, says Tim Draper

Tim Draper made another bullish prediction about the price of Bitcoin [BTC]. He also believes that fiat currencies will become a thing of the past. He said: “Price-wise, we’ll continue to see Bitcoin move higher.

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Op Ed: From East to West: The Fiat Pairing Trend Grows in the United States

The recent announcement that Bittrex will allow investors to buy digital coins with the U. S. dollar is the latest in a string of crypto trading trends to move West from Asia.

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Bittrex добавила поддержку торговых пар с долларом CША

Биржа криптовалют Bittrex запустила трейдинг криптовалют bitcoin, TrueUSD и Tether в паре с долларом Соединенных Штатов для частных клиентов, которые являются резидентами штатов Вашингтон, Калифорния, Монтана и Нью-Йорк.

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Clearing Up Misconceptions: This Is How Tether Should (and Does) Work

There is substantial controversy surrounding Tether, a cryptocurrency that claims to be pegged to the U. S. dollar. According to Tether, each Tether token is backed by one U.

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Op Ed: I Think, Therefore I Bitcoin: The Case for Bitcoin

A key aspect of modern society is its trust in reliable government and monetary systems. Government and central banks have been the guardians of the financial system.

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Bitmex to VIPs: Bitcoin Won’t Replace Fiat, Just a ‘Useful Niche,’ Enthusiasts ‘Naive’

Bitcoin Mercantile Exchange (Bitmex) released proprietary research reportedly geared toward their VIPs. Researchers find bitcoin core’s (BTC) deflationary aspects interesting for speculation and as a “payment system,” but predict it will ultimately not usurp government paper, describing the BTC phenomenon as simply a “useful niche,” and those who “think Bitcoin would result in a more […] The post Bitmex to VIPs: Bitcoin Won’t Replace Fiat, Just a ‘Useful Niche,’ Enthusiasts ‘Naive’ appeared first on Bitcoin News.

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