Comparing Cryptocurrency to Fiat Currency
A common question about cryptocurrencies is if they are really money since they don't seem to have any intrinsic value. Central banks control most of the fiat currencies in the world today, but central banking also has problems that many people would like to avoid. While cryptocurrencies do not have a physical representation like some forms of fiat currency, there are quite a few advantages over fiat currency. The value of cryptocurrencies is not tied to the policies of any nation or corporation, and it has less volatility than some nations' currencies. Fiat Currency Problems The h...