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

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 are the economics of mining Bitcoin? - Crypto in Plain English - Episode 53 - by cryptohunt.it

What are the economics of mining Bitcoin? - Crypto in Plain English - Episode 53 - by cryptohunt.it

What are the economics of mining Bitcoin? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s talk about what it takes to make money mining ...

9 Dec 20212min

What is Coin Burning? - Crypto in Plain English - Episode 52 - by cryptohunt.it

What is Coin Burning? - Crypto in Plain English - Episode 52 - by cryptohunt.it

What is Coin Burning? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. In the last two episodes we explained how halving slows down the rate at which ...

8 Dec 20211min

Is Bitcoin Halving a good thing? - Crypto in Plain English - Episode 51 - by cryptohunt.it

Is Bitcoin Halving a good thing? - Crypto in Plain English - Episode 51 - by cryptohunt.it

Is Bitcoin Halving a good thing? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s talk more about Bitcoin Halving: Why it was likely made...

7 Dec 20211min

What is Bitcoin Halving? - Crypto in Plain English - Episode 50 - by cryptohunt.it

What is Bitcoin Halving? - Crypto in Plain English - Episode 50 - by cryptohunt.it

What is Bitcoin Halving? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s talk about Halving of Bitcoin. “Bitcoin Halving” refers to spec...

6 Dec 20211min

What is Layer 2? - Crypto in Plain English - Episode 49 - by cryptohunt.it

What is Layer 2? - Crypto in Plain English - Episode 49 - by cryptohunt.it

What is Layer 2? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s understand what Layer 2 is. Layer 2 refers to blockchains that build on...

3 Dec 20211min

What’s different between investing in crypto versus investing in stock? - Crypto in Plain English - Episode 48 - by cryptohunt.it

What’s different between investing in crypto versus investing in stock? - Crypto in Plain English - Episode 48 - by cryptohunt.it

What’s different between investing in crypto versus investing in stock? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s talk about the b...

2 Dec 20212min

What is Miami Coin and why was it created? - Crypto in Plain English - Episode 47 - by cryptohunt.it

What is Miami Coin and why was it created? - Crypto in Plain English - Episode 47 - by cryptohunt.it

What is Miami Coin and why was it created? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s talk about Miami Coin: What it is and why the...

1 Dec 20212min

Is crypto going to replace real money? - Crypto in Plain English - Episode 46 - by cryptohunt.it

Is crypto going to replace real money? - Crypto in Plain English - Episode 46 - by cryptohunt.it

Is crypto going to replace real money? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, we discuss if crypto will ever replace traditional mone...

30 Nov 20211min

Populärt inom Business & ekonomi

framgangspodden
varvet
badfluence
rss-jossan-nina
svd-tech-brief
rss-borsens-finest
uppgang-och-fall
avanzapodden
rss-svart-marknad
borsmorgon
bathina-en-podcast
fill-or-kill
rss-inga-dumma-fragor-om-pengar
rss-dagen-med-di
24fragor
lastbilspodden
tabberaset
rss-kort-lang-analyspodden-fran-di
kapitalet-en-podd-om-ekonomi
rss-den-nya-ekonomin