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Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by legulere on Friday December 04, 2020 @12:59AM (#25299488)
“Fiat” money has its value by there being a lot of obligations in it. If I sell stuff for Bitcoin, I still have to pay taxes in Euro to the German State for that. There are a lot of credits in fiat currency that have to be paid off. Currencies are used for valuation and obligations to pay in trade.
Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by jerrymiller on Saturday December 05, 2020 @08:38AM (#25314458)
How did that work for Venezuela and their currency? USD is heading the same way, just slower.