Are Cryptocurrencies another form of Fiat Currency?

Very important…the new cryptocurrency ETFs are a pure scam.

The critical component of cryptocurrencies are that you store them on a digital wallet with which you have control and “physical” possession(in theory)…an ETF is nothingness

The Fourth Estate

An important question has always been on my mind about the significance of Cryptocurrencies as central banks around the world digitalize the currencies of their nations. It is well-known that Cryptocurrencies were originally conceptualized as a digital currency for sidestepping the financial powers of a central bank. That was the idea advocated by Nakamoto Satoshi (or “Satoshi Nakomoto,” as the alias is more commonly known in English). However, there is also the possibility that Cryptocurrencies are just another form of Fiat Currency. The central banks around the world are adamantly insisting about this, and it has formed their justifications behind the digitalization of their issuing currencies.

We can point to a few similarities between Cryptocurrencies and Fiat Currencies. A Cryptocurrency, in addition to relying on reliable sources of electrical power, still relies on the full faith and credit that comes with the people depending on the Blockchain. People need to…

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