Sentences with phrase «better than fiat currencies»

At the World Knowledge Forum held in Seoul on October 17, Billionaire investor Tim Draper, who has been one of the key angel investors in the Bitcoin and cryptocurrency markets since 2014, stated that Bitcoin and other cryptocurrencies are much better than fiat currencies.

That people were having to pay large fees to conduct transactions because now this is no better than fiat currency because it's costing so much to conduct transactions.

Not exact matches

In such economies, cryptocurrencies with a capped amount of coins become a much better store of value than wantonly printed fiat currency because they hold their value better.»

If you're going to have a fiat currency, better to lean against debt levels, than inflation or unemployment.

Perhaps the most remarkable response was from Christine Lagarde, managing director of the IMF, who said in a speech in February that that cryptocurrencies could, among other things, improve financial stability, inclusion and provide better value than traditional fiat currencies, particularly in less developed countries and warned central bankers to ignore them at their peril

As there are not many arguments why Bitcoin is a better store of value or unit of account than fiat currencies like euros or dollars, it is obvious that as a method of payment Bitcoin is superior to fiat currencies, due to lower costs, nearly perfect divisibility and social inclusion to name but a few.

«Not only are transactions involving the digital currency faster and more secure than those made with fiat currencies, but the technology behind it, called the blockchain, could change the way we deal with financial contracts and keep information, as well as assets, secure,» he concluded.

Stellar seems more promising and affordable than bitcoin, as well as providing faster transaction times and the ability to move between fiat currencies.

Consequently, they could vote to distribute the company's remaining BTC — as well as the coins derived from its forks — directly to creditors rather than selling them and paying the proceeds in fiat currency.

This also explains why cryptocurrency - friendly merchants still denominate items in fiat currency, as well as why many users currently prefer to «hodl» than spend their coins.

Well, in the case of stablecoins and fiat currencies alike, pegging is more of a target than a guaranteed method of keeping a currency's value absolutely fixed.

Bitcoin has outpaced every single nation - state issued fiat currency by miles and continues to perform better than commodities like precious metals.