What is a difference between Bitcoin & U.S. fiat? Bitcoin is data mined into exchange flowing from ledger miners to those trading. Fiat is data entered into bank computers as consumers acquire debt for assets & consumption.
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Sure there are others participants in the fiat supply/destruction chain. Federal Reserve regional offices print & destroy paper notes of fiat. That physical representation of exchange for goods & services. While a significant quantity of fiat has become digital. Adding to fractional banking.
sep 1, 2025, 1:09 pm • 0 0 • view
Other fiat participants include: • U.S. Treasury • Congress • Foreign Governments • Business (non-bank/ investment) entities
sep 1, 2025, 1:09 pm • 0 0 • view
Governments mint their money, that nation's workers give it its value, banks administer it, the rich game it. Who knows why any other "money" is seen having value ???
sep 1, 2025, 7:42 pm • 0 0 • view
governmental exchange of currency. A game manipulator similar to Robert Rubin of Citi (1999-2009). Could be perceived as knowing why other “money” is of value. Where there is profit to be extracted from an exchange of speculation & assets. Others extract via contract and “complexity”.
sep 1, 2025, 11:07 pm • 1 0 • view