The Fed isn't magic; it's a quasi-extension of the US Government in
a fiat currency environment.
Not exact matches
Bitcoin would thrive in such an
environment, at least until the impact on major
fiat currencies becomes clear.»
I have been, and still am, a gold and hard assets investor to, number one, hedge against global monetary inflation and
fiat currency devaluation and, number two, leverage rising demand for the metal in an
environment of low market confidence.
Once the transactions reach the nodes in the blockchain, the miner gets rewarded with crypto coins, which can later be converted into
fiat currencies or used in the virtual
environment for other investments.
Requiring exchange services between cryptocurrencies and
fiat currencies and custodian wallet providers will not fully address the issue of anonymity of cryptocurrency transactions since the virtual
currency environment will largely remain anonymous since users can also transact without these providers.
Some of the economists consider that flippening would be actually seen only when a cryptocurrency would become as famous as conventional
fiat currency, and only when the economic
environment would seem to be changed.