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RE: FIAT is Political/Social

in #bitcoin5 years ago

The difference is abysmal, Bitcoin does not promote any particular company, so control is a little more difficult, while Fiat is limited to a project limited by its internal shareholders. the crypto currencies have a purpose and is to decentralize the economy but still remain centralized in price control.

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By FIAT I was referring to FIAT currencies (USD, EUR, GBP, CHF, etc) and not the company. I could have made this clearer.

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