Meanwhile, the very blockchain startups that support bitcoin, such as alternative lenders, encourage cryptocurrency owners to hold their bitcoin, use it as collateral and take
loans in fiat money.
Due to continual monetary
inflation in the fiat money system and the «survivor bias» inherent in stock market index construction, nominal stock prices are rising 67 % of the time.
Firms basically place price bets on the future Bitcoin price of a certain forthcoming date, and profits or losses will be
in fiat money only.
The user chooses transfer method himself, in most cases there will be no
fees in fiat money.
One of the scenarios that the Permanent Portfolio guards against is deflation... the threat of deflation has all but disappeared
in the fiat money era.
«Cryptocurrencies are here to stay given the history of booms and
busts in fiat money and debt excesses.
That's the reason why it's now possible for institutions to participate in Bitcoin trading in general, as they are only able to trade
in fiat money based markets, such as Bitcoin Futures.
Impartial regarding the interests of system participants
Lending in fiat money on classic platforms means that you can only lend in one country or region.
So long as you are
in a fiat money system, in a bailout, the job of the government is to prevent contagion and minimize loss, in that order.
In a fiat money / credit world, evil as it is, monetary policy is credit policy.
Based on the Ethereum blockchain and accessible from a smart phone / tablet, the Everex network allows everyone to request a microcredit and send a payment (
in FIAT money: euro, dollars, etc.) to the world whole.