Crypto Enthusiasts Meet Their Match: Angry Gamers https://www.nytimes.com/2022/01/15/...-nft-gamers.html?referringSource=articleShare
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Crypto is fiat is my thought, just a different format. While normally (some are) not a nation issued currency, it is a public/governance/backed in most cases with votes from holders for different positions of authority, developers that can control the block chain vice a government. Now there are Stable coins backed by fiat, lol which are growing very fast -> hmmm an extension of the fiat system in progress.NFT's are the biggest "LOOK AT ME!" false exageration of Capitalism yet. It wil fail so hard yet many will make million and have done so. Crypto is the logical takeover of fiat. All the side gags are just that. I wish I was smart enough to capitalize on the wealthy sheeple, but can only stand steady. Fingers crossed.
What Is Fiat Money?
Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it. Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies.
I really wonder what the split is these days. Most of my friends don't mine at all.Though I agree NFTs are a load of HS, in game purchases are a very old thing now...and this has nothing to do with gamers vs miners. Infact the whole thing is silly, most gamers are miners are vice versa. 2 decade old gamer/pc builder and reluctant miner here..