Difference between revisions of "Fiat"

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(stub page on fiat currencies)
 
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Latest revision as of 15:11, 16 December 2017

Fiat Currency is the default currency of Nation States and the currency they take in taxes.

  • No limit on units of it
  • No published algorithm
  • High rate of counter fitting
  • High rate of fraud
  • Central Banks can change policy on a whim
  • Multiple instances of value crashes