Are shitcoins fiat or is fiat money a shitcoin?
Discussion
Both
📠
Fiat is anything causing or caused by capital misallocation. So both.
Yes
yes
💴💶💵=💩
Yes
Synonyms
Either way
Same picture
Yes
Yes
I agree with the sentiment, but semantically, if “fiat” means “by decree”, I’m not sure how most shitcoins are fiat. Their value is not decreed by some central authority but rather through market forces. Fiat is definitely a shitcoin though. 🤣💩🪙
Same same
Fiat is the original shitcoin.
Can't both be true?
Shitcoin is the new name for fiat. It was only coined because people didn't realize at first they were a new take on the same thing.
Why not both?
The latter
Nobody is forced to use alt-coins.
Fiat = forced use of shitcoin
Shitcoin = not bitcoin
Yes