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RE: The Market Is Exposing Some Of The Issues With Cryptocurrency

in LeoFinance • 3 years ago

Bro, Fiat money is a legal tender given by government to its population for trades, that is why it is useful, but on other hand it takes a lot resources to print money or mint coins. Government will eventually fend off fiat money into digital version to save cotton, chemicals, machinery, labor, alloys and so many other resources.

But, it will take some time, a decade, century, maybe more.

!LUV

3 years ago in LeoFinance by
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     3 years ago  

    Bro, Fiat money is a legal tender given by government

    I know. Cryptocurrencies are also (slowly) becoming legal tenders. Or at least the Bitcoin (BTC). For example it is already a legal tender in El Salvador. But maybe for not so long, because IMF urges El Salvador to remove Bitcoin as legal tender. We will see whether they will remove it or not.

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     3 years ago  

    @xplosive, @emaxisonline(1/1) sent you LUV. wallet | market | tools | discord | community | daily

    ⚠ The LUV command will soon require a limited number of other "!" commands accompany it. Details here.

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       3 years ago  

      The USD is already digital. Very little is actually in physical form.

      Posted Using LeoFinance Beta

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