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En Fri Mand
replied 2216d
I would say all crypto are actually fiat currencies. Crypto has no intrinsic value which is what fiat means.
CryptoAnarchist
replied 2215d
No, that is not what fiat means. Use a dictionary. Fiat means "by decree", as in, "its money because we say so", and not because of any real value.
I am Satoshi
replied 2215d
Also the argument of intrinsic value is also very short sighted. The ability to send a fax to 100 people has a value. The ability to send a fax to 500 people has more value.
En Fri Mand
replied 2215d
Yes that's right. My fault.
En Fri Mand
replied 2216d
But saying that bch is and btc is not is highly incorrect since they are almost the same.