BITCOIN VS. FIAT MONEY

in #bitcoin • 5 years ago

BITCOIN
• Created by computers
• Deflation (fixed amount of bitcoins)
• Public database (blockchain)
• Decentralized, not owned by anyone​ entity
• Low fees for international transfer, transfer time is within an hour
• Always in control of your funds

FIAT MONEY
• Issued by the government
• Inflation (unlimited printing)
• No transparency
• Centralized, controlled by government & banks
• High fees for international transfer, transfer time is a few days
• The government can freeze your account

#fiat #steemit #paydepot
5 years ago in #bitcoin by
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     5 years ago 

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