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The rest of the meme world has a more mixed opinion of the currency and its prospects.
Fiat currency meme. What it is and why it s better than a gold standard the value of money has to be has to be based on something of value. Most of the hardcore pro bitcoin memes seem to come from dedicated bitcoin communities like reddit s r bitcoin. Fiat money does not have use value inherent utility such as a cow or beaver pelt might have and has value only because a government maintains its value or because parties. Advantages and disadvantages of fiat currency.
Fiat money is currency that a government has declared to be legal tender but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and. A fiat currency or fiat money is one example. The most important feature of fiat money is the stability of its value unlike commodity based money like gold copper and silver.
Fiat money is a currency a medium of exchange established as money often by government regulation but that does not have intrinsic value value independent of the nominal value such as a precious metal might have.
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