What is “fiat” 🚗? - Crypto in Plain English - Episode 190 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it20 Juni 2022

What is “fiat” 🚗? - Crypto in Plain English - Episode 190 - by cryptohunt.it

What is “fiat” 🚗?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

The crypto community often speaks of “fiat”, and no - they don't mean the Italian car maker, although we also think that is a cool company.

So what is “fiat” in the context of money?

Fiat is simply a government issued currency. The US Dollar is a great example, or the Euro.

What's more interesting though is, why fiat plays such an important role in the crypto world.

Everyday transactions anywhere in the world still require fiat. Crypto hasn't even made a dent yet – we are still very far away from a world of decentralized payment systems that were envisioned ever since Bitcoin launched over 13(!) years ago.

That also means that crypto has mostly been used as a means to speculate. And when you speculate, the value of your crypto portfolio is worth nothing in practice, if you don't cash out into fiat, that hard government backed cash.

And there you have it, that’s why fiat is so important - but maybe someday we'll all pay with crypto, or maybe fiat will even be blockchain-based. Interesting times ahead!

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Avsnitt(373)

What is Pollen Mobile, and how does it try to replace wireless phone carriers? - Crypto in Plain English - Episode 213 - by cryptohunt.it

What is Pollen Mobile, and how does it try to replace wireless phone carriers? - Crypto in Plain English - Episode 213 - by cryptohunt.it

What is Pollen Mobile, and how does it try to replace wireless phone carriers? Welcome to the cryptohunt jam where we spend one minute a day explaining crypto. In plain English. Two episodes ago we ta...

22 Juli 20221min

How can blockchains democratize investment strategies? - Crypto in Plain English - Episode 212 - by cryptohunt.it

How can blockchains democratize investment strategies? - Crypto in Plain English - Episode 212 - by cryptohunt.it

How can blockchains democratize investment strategies? Welcome to the cryptohunt jam where we spend one minute a day explaining crypto. In plain English. What if you could simply tap into the investme...

21 Juli 20221min

How can blockchains help map out the world? - Crypto in Plain English - Episode 211 - by cryptohunt.it

How can blockchains help map out the world? - Crypto in Plain English - Episode 211 - by cryptohunt.it

How can blockchains help map out the world? Welcome to the cryptohunt jam where we spend one minute a day explaining crypto. In plain English. You probably take great maps for granted: All you have to...

20 Juli 20221min

What is Helium (HNT) and what makes it special? - Crypto in Plain English - Episode 210 - by cryptohunt.it

What is Helium (HNT) and what makes it special? - Crypto in Plain English - Episode 210 - by cryptohunt.it

What is Helium (HNT) and what makes it special? Welcome to the cryptohunt jam where we spend one minute a day explaining crypto. In plain English. You know that we really love when blockchains actuall...

19 Juli 20221min

What is Proof of Physical Work? - Crypto in Plain English - Episode 209 - by cryptohunt.it

What is Proof of Physical Work? - Crypto in Plain English - Episode 209 - by cryptohunt.it

What is Proof of Physical Work? Welcome to the cryptohunt jam where we spend one minute a day explaining crypto. In plain English. Today, we'll look into a relatively novel concept: Proof of Physical ...

18 Juli 20221min

Why are all these crypto companies declaring bankruptcy? - Crypto in Plain English - Episode 208 - by cryptohunt.it

Why are all these crypto companies declaring bankruptcy? - Crypto in Plain English - Episode 208 - by cryptohunt.it

Why are all these crypto companies declaring bankruptcy? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. The latest crypto company to declare bankrup...

15 Juli 20221min

What is the role of regulation in crypto? - Crypto in Plain English - Episode 207 - by cryptohunt.it

What is the role of regulation in crypto? - Crypto in Plain English - Episode 207 - by cryptohunt.it

What is the role of regulation in crypto? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. As crypto becomes more and more popular with every boom cyc...

14 Juli 20221min

What is Saga, the crypto phone? - Crypto in Plain English - Episode 206 - by cryptohunt.it

What is Saga, the crypto phone? - Crypto in Plain English - Episode 206 - by cryptohunt.it

What is Saga, the crypto phone? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Since the introduction of the iPhone in 2007, the world has gone mobi...

13 Juli 20221min

Populärt inom Business & ekonomi

framgangspodden
varvet
badfluence
svd-tech-brief
rss-jossan-nina
rss-borsens-finest
uppgang-och-fall
avanzapodden
bathina-en-podcast
rss-svart-marknad
fill-or-kill
lastbilspodden
borsmorgon
rss-inga-dumma-fragor-om-pengar
tabberaset
rss-dagen-med-di
rikatillsammans-om-privatekonomi-rikedom-i-livet
24fragor
affarsvarlden
rss-den-nya-ekonomin