Unlike bitcoin or
a lot of fiat currencies, gold has a very low volatility rate.
Not exact matches
Russell Lamberti: Yeah my website, ETM macro advisors website is www.etmmacro.com and I am starting a new newsletter called the macro outsider, and you can sign up for it for free on www.etmmacro.com and you'll get a free essay called «The real
currency war» which is subtitled «monopoly money vs real money» and essentially there I just go into a
lot of what we've spoken about today in terms
of chronic malinvestment, the weakness
of fiat currency reserve systems, and then ultimately where I think the real
currency war is, which is in centralized vs. decentralized money, and I talk a little bit about cryptocurrencies there as well, so that's www.etmmacro.com you can sign up for that free newsletter.
I am sure that Ely will say I took his argument out
of context and I definitely added a
lot of commentary in the passages above, but if his baseline premise is really that bitcoin has no intrinsic value, this is exactly what he is saying about dollars, bolivars and every other
fiat currency.
Currently, centralized exchanges are still necessary for trading
fiat currencies as it takes a
lot of compliance with regulations to be allowed to deal with large sums
of fiat.
Trading
fiat and crypto -
currencies involves an awful
lot of simple and not so simple technical terms to learn.
This new form
of money has a
lot of potential, although that doesn't mean it will replace
fiat currency anytime soon.
Other competitors offer prepaid cards that you can fund with
fiat currency, but they have to be preloaded, and a
lot of those firms were using cards issued by WaveCrest, whose cards were all canceled by Visa.
It will not only support your local
fiat currency (CAD in this case), but also save you a
lot of money in unnecessary fees.
But at the same time, more and more people realize that
fiat currency is the cause
of a
lot of problems we face today, and Bitcoin is a potential solution.