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Fiat - Bisq Wiki
Fiat money is a tool of authority to extract value from people through inflation, seigniorage and the Cantillon effect. It is a tool of surveillance and population control. Governments rewards the most obedient with easy and early access to...
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Fiat From Bisq Wiki Jump to navigation Jump to search Fiat money is government issued currency. For example Euros (EUR), Dollars (USD), Pounds (GBP), Pesos, Rupees, etc. It is centralized and controlled by governments. Fiat money is a tool of authority to extract value from people through inflation, seigniorage and the Cantillon effect. It is a tool of surveillance and population control. Governments rewards the most obedient with easy and early access to newly printed fiat money and punishes dissenters by blocking access to their accounts. Fiat money has evolved from printed paper notes to digital accounts held at institutions granted government privilege or license to custody fiat money. Fiat money is what you exit when you buy Bitcoin. CBDC (Central Bank Digital Currency) is the final and most insidious form of fiat money, since as programmable money it allows a much higher degree of control, including geofencing, time limits, restrictions on saving, blacklisting, etc. It can potentially lead to ubiquitous law enforcement and facilitate social credit systems. Retrieved from " http://s3p666he6q6djb6u3ekjdkmoyd77w63zq6gqf6sde54yg6bdfqukz2qd.onion/index.php?title=Fiat&oldid=3039 " Navigation menu Personal tools English Log in Namespaces Page Discussion Variants Views Read View source View history More Search Navigation Main page Recent changes Random page Help about MediaWiki Tools What links here Related changes Special pages Printable version Permanent link Page information This page was last edited on 22 November 2022, at 11:57. Privacy policy About Bisq Wiki Disclaimers