Re:MasterCard to open up network to cryptocurrencies
by lottin on Thursday February 11, 2021 @04:46PM
(#26107783)
Please don't fall for the trap of calling actual money fiat as if bitcoin wasn't fiat. If at some point bitcoin becomes money it will be fiat money, as bitcoin is not backed by a commodity. So far bitcoin isn't money because it's not the most liquid asset. In order to buy anything with bitcoins, first you'll have sell them for actual money and use that to buy stuff, hence not money.
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Re:MasterCard to open up network to cryptocurrencies
by TwoHeadedBeast on Friday February 12, 2021 @09:48AM
(#26114162)
Good point, I think they've borrowed the terminology from goldbugs without really understanding it.