Eth is no different than a fiat currency?

[gensol]

Ethereum is different from fiat currency in that Ethereum is a digital currency powered by the blockchain technology whereas fiat currency is controlled by the government. Ethereum is a decentralized currency fiat is centralized because Bitcoin to you feels more decentralized than Ethereum doesn't make Ethereum any less than a digital currency.

[minairia3]

I always say to all altcoins haters. It requires a time, whales are slowly selling their cryptocurrencies to the retail investors, so the number of users is growing and after some time these users will have more Ethers together than whales and then Ethereum finally become decentralized .

I just hope that could be an easy method or way to do it. Whales in my opinion are just jumping out of which ship can boost earning. New investors are likely to grab those dump from whales but the problem here is they are quantified as different entity. We arent sure how they will use it or they would just do what other whales are doing. Eth is my favorite altcoin but I wish the developer can somehow fast track the development in orderfor people to see its really worth.

[masterrex]

Interesting article I'm an Ethereum user for a long time already but honestly, I did not notice these changes on the Ethereum Network I think it is the right time to revisit all of the necessary information about our cryptocurrency portfolios. If Ethereum has no fixed supply it is more comparable already to the centralized fiat currency, In that reason, I might say that Ethereum is not decentralized at all.

[Furryball]

Bitcoin is the best fit for Fiat nothing else comes closer to Fiat than Bitcoin, ethereum has no max supply makes me thinks it centralized, but to say the truth I think cryptos are better off on their own

[bgaf]

It is crazy to even compare eth network with fiat, we know that eth is a revolutionary blockchain network that has the power of decentralization, smart contracts and massive applications across all the segments of life so there is no comparison with fiat.

Revolutionary but not that perfect. Compared to bitcoin, eth is much less hassle when dealing with fiat gateway payment. Fiat is always be the useful for everyone, but as digital currency progress, we can see its advantages compared to it. But we cant say that eth's objective is to replace fiat. Its field is on smart contract and tokenization Id rather see btc becoming fiat similiarity when it comes to usage in my opinion.

[Shallow]

https://offthechain.substack.com/p/eth-is-no-different-than-a-fiat-currency

I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.

Before we relate cryptocurrencies to fiat, there questions which needs to be asked and which must be answered and one of the question is, what are the characteristics of fiat currency? One of the characteristics of fiat is that, it is associated with a particular country, that is, on seeing the fiat, you know the country it belongs to. And it's issuance is based on the government of the country and of course highly controlled, thus, cryptocurrencies like Bitcoin and ETH aren't like fiat currencies. Bitcoin is the true definition of decentralization and highly transparent more than fiat. ETH on the other hand is decentralized as well but can't be said to be as transparent as Bitcoin. One thing stands out among Bitcoin and ETH and that is, both are decentralized which is not a characteristic of fiat. Lastly I can't say ETH is like fiat currencies because it has no maximum supply, at least there are traces of decentralization there or rather I would say it is less decentralized.

[Nolimitz84]

https://offthechain.substack.com/p/eth-is-no-different-than-a-fiat-currency

I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.

It seems to me that nothing can be worse than Fiat money in principle. Emission is not limited, inflation is artificial.Yes it is possible that Fiat money is less volatile but the very essence of its existence in General raises a number of doubts.

[beerlover]

In any other sense of the word, ethereum is totally different than a fiat currency. There is literally not even a single parallels of ethereum and fiat aside from both of them being a currency that you can use to buy stuff, literally the ONLY common thing they have. However if you want to talk about which currency is more like fiat in all of crypto world that could be a whole another discussion.

All of them are crypto and all of them are different than fiat but if you want to make sure just one of them that are closest to fiat currency in many ways (and removing stablecoins obviously) that would probably be more ripple and not the others, even though I hate ripple, at least it has a regular life utility that banks are using which could be compared somehow.

[bitcoinst]

It's funny that the author does not agree with the title of the article and with the things that are discussed in it, because he himself admits that he does not consider Ethereum to be like fiat funds.
However, for some reason, he decided to name the topic that way. Apparently to attract as many people as possible to read this article.

[mike_spr]

It's funny that the author does not agree with the title of the article and with the things that are discussed in it, because he himself admits that he does not consider Ethereum to be like fiat funds.
However, for some reason, he decided to name the topic that way. Apparently to attract as many people as possible to read this article.

Not true, I got mixed feelings about it and would like to read more opinions, the title of the topic is the title of the article because it's the one I would like to discuss. You're good with conspiracy theories I guess.

[Destroyeroff98]

https://offthechain.substack.com/p/eth-is-no-different-than-a-fiat-currency

I just read the article above and would like to know whats your take on this. For me it seems true that Bitcoin is much more decentralized than Ethereum and so, much different than fiat money compared to Ethereum, still Ethereum aim is to reduce Eth issuance and it's much more transparent than fiat money. I would say Eth it's not so different as Bitcoin but still very different than a fiat currency and more decentralized.

Cryptocurrencies always have many differences from fiat money.
But I can say that fiat money is still more transparent than cryptocurrency.

[OrangeII]

may not be much different from bitcoin at first glance, but ethereum is really different from bitcoin. besides that ethereum prices are also more stable than bitcoin prices if we pay attention. for the difference with fiat, I think it's very different, moreover sending ethereum can be done quickly. however, there are advantages that ethereum does not have in bitcoin or even fiat currencies.

[isaac_clarke22]

They're both currency that can be used for something, but both have different aim. Fiat tends to be like the usual medium these days for payment, of course. I do not have the belief that ETH could do the same as fiat and even if it becomes like contender for it, Bitcoin would be more appropriate alternative than ETH.
In terms of potential adoption, Bitcoin would have more of that than ETH.
ETH has different goals so we can't just as"directly" compare these three that easily.